On the 8th, RealtyPlanet, a commercial real estate proptech company, announced that it has formed a consortium with Hyundai Engineering to oversee the sale of 45 gas stations and charging station assets owned by HD Hyundai Oilbank.
The assets targeted for sale consist of ▲ Seoul (6 cases) ▲ Gyeonggi (13 cases) ▲ Metropolitan cities (14 cases) ▲ Other regions (12 cases), totaling 45 cases. These assets are assessed to have high investment value as they are primarily located near busy arterial roads. In particular, many assets can operate both independently and under lease, suggesting that profitability and business stability can be secured simultaneously.
In the selection of this broker, RealtyPlanet formed a consortium with Hyundai Engineering. Equipped with a commercial real estate analysis system based on big data and artificial intelligence (AI) and a proven record in selling gas station assets, RealtyPlanet plans to maximize the efficiency of the asset sale in collaboration with Hyundai Engineering, which possesses comprehensive real estate asset management capabilities. The two companies plan to collaborate organically throughout the entire process, from initial business feasibility analysis to bidding strategy development and investor targeting.
Um Hyun-po, CEO of RealtyPlanet, noted, "Gas station assets are a category of assets that require precise analysis of various factors, including location, operational structure, and potential value. Considering that more than half of transactions occur outside the area where the assets are located, it is expected that RealtyPlanet, which holds nationwide investor data and has strengths in targeted marketing, can play an effective role."
Bidding will take place on the 12th of next month. Detailed information about the assets for sale and participation materials, such as letters of intent, can be accessed through the 'Deal Information' section on RealtyPlanet’s official website and application.