IGIS Asset Management announced today that Centerfield, a premium mixed-use property located at 231 Teheran-ro in Gangnam-gu, Seoul, has become the first commercial real estate asset in Korea to achieve WELL Core Platinum certification.

WELL certification, administered by the International WELL Building Institute (IWBI), evaluates buildings across ten categories: air, water, nourishment, light, movement, thermal comfort, sound, materials, mind, and community. WELL Core specifically assesses how core building systems and operations under the owner's control impact occupant health and wellness in leased assets. The certification examines fundamental infrastructure including ventilation, filtration, water treatment, materials management, common area environments, and hazard controls. Platinum represents the highest achievable rating under the WELL system.

First Commercial Property Achievement in Korea

WELL Core certification is primarily utilized for leased office buildings and mixed-use properties, validating the health and wellness performance of the building itself, distinct from tenant fit-outs and operations. Centerfield's certification encompasses the entire mixed-use complex including office, hotel, and retail components—marking the first time a commercial property in Korea has achieved WELL Core Platinum status.

Globally, WELL Platinum-certified assets demonstrate measurable operational benefits including enhanced workforce productivity, increased employee satisfaction, and reduced vacancy rates. Spaces designed and operated with health and wellness as foundational principles typically achieve higher tenant loyalty and lease renewal rates. Among global institutional investors, WELL Platinum buildings are recognized as premium assets that deliver lower vacancy and stable rental income. This occupant-centric approach ultimately may contribute to enhanced asset value over the long term.

Comprehensive Health and Wellness Performance

Centerfield achieved near-maximum scores across all ten WELL categories. Notable implementations include mental health support programs and educational resources for occupants, ergonomic workstation standards, enhanced indoor environmental controls, rigorous water quality management protocols, and real-time monitoring systems for harmful substances and bacteria.

The property also earned Innovation Points within the WELL Innovation category for its long-term Indoor Environmental Quality (IEQ) monitoring platform and user experience-based wellness management framework. This recognition underscores Centerfield's role as a pioneering case that establishes a new operational model for health and wellness-focused commercial real estate in Korea.

Prime Mixed-Use Asset with Advanced ESG Credentials

Centerfield is a mixed-use tower comprising 36 floors above ground and 7 basement levels, completed in 2021. The property features premium-grade office space, a five-star hotel, and retail facilities, with a total gross floor area of 239,252 square meters in Seoul's prime Teheran-ro corridor.

The WELL Core Platinum certification strengthens Centerfield's balanced ESG performance. The property previously achieved LEED BD+C (Building Design and Construction) Gold certification during the design phase, validating its environmental impact minimization. While LEED primarily focuses on environmental performance, WELL certification emphasizes social value through occupant health and wellness. Holding both certifications demonstrates leadership across the environmental (LEED) and social (WELL) dimensions of ESG.

Additionally, Centerfield has achieved 5-Star status in the Global Real Estate Sustainability Benchmark (GRESB) for two consecutive years, further validating its ESG performance and operational excellence. The property now stands as a premier office asset distinguished by environmental performance, occupant health and wellness, and sustainable asset management capabilities.

IGIS's ESG Leadership and User-Centric Philosophy

IGIS Asset Management's core philosophy centers on planning and operating assets from the occupant's perspective. This year, the firm launched its "Mutual Prosperity and Future Committee" and expanded its social contribution budget to 2% of net income after tax. The company is advancing ESG initiatives through ecological space creation projects across seven locations including Pyeongchang National Arboretum, Bonghwa

Baekdudaegan Arboretum, and Jeju Sarabong Park.

ESG achievements extend across IGIS's broader portfolio. Twin Tree Tower, Signature Tower, and Autoway Tower have all achieved top GRESB ratings. The firm's headquarters at Sewoo Building in Yeouido achieved LEED ID+C Gold certification for its 2nd and 13th floors. IGIS also renewed its ISO 14001 Environmental Management System certification this year.

"WELL Core Platinum certification provides international validation that Centerfield operates as a premier office asset designed and managed with occupant health and wellness as the highest priority," said an official from IGIS Asset Management. "Creating environments where space users can work healthily and productively ultimately contributes to enhanced asset value over the long term."

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