Aegis Asset Management Signs First Design Contract for Future Space Platform

Aegis Asset Management announced on the 24th that it signed a design contract on the 23rd for the first project with Aegis Value REIT and Samwoo Architectural Firm (hereinafter Samwoo Architecture).

Last year, Aegis Value REIT, Aegis Asset Management, Samsung Electronics, and Samwoo Architecture signed a memorandum of understanding (MOU) for the joint development of the Future Space Platform.

Based on approximately one year of empirical analysis, the Taepyeong-ro Building, the representative asset of Aegis Value REIT, was selected as the first asset for the project. This marks the first step toward the commercialization of the Future Space Platform (FIT Platform) being developed by Samwoo Architecture and Samsung Electronics to integrate future-oriented technologies such as future convergence ICT and artificial intelligence (AI).

The FIT Platform is composed of a modular space construction system equipped with smart X-green architectural technology that enhances users' space productivity and comfort while pursuing carbon neutrality (Net-zero). It also includes advanced ICT solutions such as device control systems for creating user-centered spatial environments. Next-generation technologies are introduced to enable buildings to continuously change according to user demands, overcoming the limitations of traditional "fixed spaces."

This project aims to apply the FIT Platform to the Taepyeong-ro Building, the representative asset of Aegis Value REIT, to promote value enhancement (Value-Up). Expected benefits include △ development and commercialization of FIT platform trims that enable differentiated smart X-green building development and remodeling △ leading changes in the sustainable space business market △ proposing a Korean-style safe asset preference (Flight to quality) development model through successful remodeling of prime office assets.

Jung Seok-woo, Head of the Real Asset Division at Aegis Asset Management, stated, "The Taepyeong-ro Building remodeling project will be an opportunity to showcase the pinnacle of Aegis Asset Management’s capabilities in real asset management and value-addition." He added, "Furthermore, starting with the introduction of the FIT platform, we will strive to embody our vision of providing user-centered space solutions."

Yoon Jung-kyu, CEO of Aegis Value REIT, said, "Upon completion of the Taepyeong-ro Building remodeling, it will become an asset that sets the Flight-To-Quality standard in the domestic real estate market." He explained, "By collaborating with Samwoo Architecture and Samsung Electronics to apply smart X-green architectural technology for the first time in the urban area, we plan to present a higher level of ESG operation strategy."

Son Chang-gyu, CEO of Samwoo Architecture, expressed, "The FIT platform is a space platform that can continuously increase asset value through cartridge replacement and control updates during asset management, beyond the primary economic benefits such as expansion of rental area and energy use efficiency." He presented the vision, "Through the Taepyeong-ro Building project, we will lead construction technology innovation and introduce smart buildings to the market that provide differentiated lifecycle and services."

Lim Sung-taek, Vice President and Head of Samsung Electronics Korea, said, "By applying Samsung’s building artificial intelligence (AI) technology (b.IoT), we will provide connected experiences among buildings, managers, and users." He added, "We expect to realize value-up of office real estate assets in major districts through the standardization of the future space platform and smart X-green remodeling solutions jointly developed by the four companies."