Real Estate Fractional Investment 'Vbrick' to Recruit Investors for Busan Academy Building Starting the 13th

Busan Sahagu Gamcheon-dong Academy Building
Investor Recruitment from the 13th to the 22nd
Public Offering Price 4.76 Billion KRW...Minimum Investment Amount 10,000 KRW

Real estate fractional investment platform 'Vbrick' (operated by Sejong Telecom) announced on the 11th that it will hold a public offering for an academy building in Gamcheon-dong, Saha-gu, Busan from the 13th to the 22nd. Photo by Sejong Telecom

Real estate fractional investment platform 'VBrick' (operated by Sejong Telecom) announced on the 11th that it will recruit investors for an academy building in Gamcheon-dong, Saha-gu, Busan from the 13th to the 22nd. Investors can participate by purchasing fractional investment securities called Bricks through the VBrick app. This is VBrick's second real estate fractional investment product, following its first public offering in Choryang-dong, Dong-gu, Busan in 2022.

This building is an "education-specialized" building located within walking distance of elementary, middle, and high schools. It has one basement floor and eight above-ground floors, making it the largest building in Gamcheon-dong. Except for the first floor, the other floors house academies and study cafes. It has recently undergone remodeling and currently maintains a 100% occupancy rate with no vacancies. A five-year fixed lease contract is in place, ensuring investors receive stable rental income throughout the investment period.

The public offering amount for VBrick Building No. 2 is 4.76 billion KRW, with a total of 4.76 million Bricks issued. Each Brick is priced at 1,000 KRW, and the minimum investment amount is 10,000 KRW (10 Bricks). During the public offering period, investments can be made through the VBrick app using a Busan Bank account. If investors do not have an account, they can open a non-face-to-face account via the app.

Investors receive dividends proportional to the ratio of the income securities they own and can expect capital gains upon future sale of the building. The income securities can be bought and sold within the app like stocks.

Park Hyo-jin, Vice President and Head of Blockchain Business at Sejong Telecom, said, "Real estate fractional investment is a future-oriented financial model," adding, "We will strive to accelerate the popularization of the token securities ecosystem amid the emergence of various fractional investment products."

Meanwhile, VBrick is a platform operated by the Sejong Telecom consortium within the Busan Blockchain Regulatory Free Zone. Sejong Telecom provides real estate collective investment and profit distribution services through VBrick. In 2022, Sejong Telecom achieved a 100% subscription rate for VBrick Building No. 1, 'B-Square,' a 17 billion KRW public offering in Choryang-dong, Dong-gu, Busan.

This content was produced with the assistance of AI translation services.