Bareun Development
Corporate real estate

From sourcing land to performing the contract

The work covers land assembly, land development, corporate real estate transactions, sales agency, and real estate advisory. The mandated scope and the fee are set by contract before work begins.

Practice area

Land Assembly

We find land that meets a company's requirements and negotiate with the owner of each parcel until the whole area is under agreement to sell.

We define the area and the location a company needs, then look for land that matches. Where one site is split into several parcels under different owners, the development does not stand up unless the full area is secured. We work through each owner's circumstances and terms, obtain agreements to sell one after another, and turn land divided across parcels into a single site. In Korea this process is called jijujageop, or land assembly.

What this covers

  • Land sourcing
  • Development feasibility review
  • Coordinating sale agreements across every owner in the target area
Aerial photograph looking straight down at parcels divided by straight boundaries, with a road cutting across them

Practice area

Land Development

We take land through access road provision, rezoning, and permits until it can be built on.

Land is rarely usable as a corporate site the moment it is secured. Without an access road a building permit will not be issued, and if the current zoning does not allow the planned building, rezoning has to come first. Which of the two applies changes the timeline and the cost considerably, so we assess both while the land is still under review.

What this covers

  • Securing an access road
  • Rezoning
  • Permits and approvals
Concrete structure on a construction site, with a tower crane boom crossing the sky above

Practice area

Corporate Real Estate Transaction Advisory

We take disposal mandates on corporate-owned property and handle acquisitions of the property a company needs. On the sell side, the reference points are the timing and terms of disposal. On the buy side, they are the intended use and the funding plan.

Corporate property transactions are structured differently from deals between individuals. A disposal mandate starts with identifying qualified corporate buyers and introducing the project, then moves through reconciling what each side needs, agreeing on the principal terms, drafting the contract, and confirming that it is performed. Asset management during the holding period is covered as well.

What this covers

  • Disposal mandates on corporate-owned property
  • Acquisition of property a company needs
  • Management of corporate-owned property
Office building facade where the glass curtain wall forms a grid

Practice area

Sales Agency

We run pre-sales for retail plazas and industrial complexes, finding corporate purchasers and carrying them through to contract.

A unit-by-unit sale and a whole-asset sale to one corporate buyer call for different approaches. Depending on what is being sold, we either run the sale ourselves or appoint a sales agency. For industrial complexes, occupancy eligibility and permitted-industry requirements come first, so we check those alongside.

What this covers

  • Whole-asset sales of buildings or land to a single corporate buyer
  • Sales agency for industrial complexes
  • Selecting and managing sales agencies
Aerial photograph of an industrial complex, with warehouses and factory buildings laid out along the access road

Practice area

Real Estate Advisory

We work out development planning, the financing structure, the selection of contractor and sales agent, and the right moment to sell or buy an owned asset.

Sometimes we help shape the plan and the capital structure for a new project. Other times we advise on how a company should manage or develop property it already holds. Either way, the reasoning starts from macro indicators before it reaches the specifics of a single asset, because interest rates and the business cycle change what the same asset is worth.

What this covers

  • Development planning
  • Financing
  • Contractor selection
  • Sales agency selection
  • Corporate real estate management and development advisory
  • Disposal and acquisition consulting
Office interior with a discussion under way over documents on a meeting table
How an engagement runs

From the mandate to closing confirmation

  1. 01

    Consulting Agreement

    • Defining the mandated work
    • Confirming the scope of work
    • Confirming the fee
  2. 02

    Mandate Execution

    • Carrying out the work
    • Sourcing candidate companies
  3. 03

    Buyer Outreach

    • Introducing the project
    • Screening candidate companies
  4. 04

    Terms Negotiation

    • Negotiating price, timing, and acquisition terms
  5. 05

    Agreement on Principal Terms

    • Settling the point of agreement between the two companies
  6. 06

    Sale and Purchase Agreement

    • Drafting the contract between the two companies
  7. 07

    Closing Confirmation

    • Confirming balance payment and title transfer
Inquiries

We settle the scope of work with you first

Tell us the condition of the land or building and what you want from it, and we will set out what has to be checked and what happens next.