Stations spread across 7 cities and provinces including Gyeonggi, Incheon
Individual asset bidding open until Nov. 19
Budongsan Planet will manage the sale of 19 gas stations held by Koramco Life Infra Reit across South Korea. The two companies have collaborated on gas station asset sales every year since 2021.
Budongsan Planet announced Thursday that it had been selected as the lead manager for the sale of 19 gas stations located across seven cities and provinces nationwide. The properties are distributed across Gyeonggi Province and Incheon (four stations each), North Chungcheong Province and South Gyeongsang Province (three each), North Gyeongsang Province and Daegu (two each), and Daejeon (one).
Key listings include a premium self-service station in Hwaseong, Gyeonggi Province, the Bupyeong Industrial Complex station in Bupyeong-gu, Incheon, and the Noeun station in Yuseong-gu, Daejeon. The Hwaseong premium self-service station and the Gyeongdae self-service station in Daegu are located in neighborhood commercial zones, while the Bupyeong Industrial Complex and Noeun stations sit in semi-residential zones.
The properties span a range of locations — including major industrial complexes and densely populated residential areas in the greater Seoul area, as well as arterial roads in major regional cities — making them candidates for various development and land-use conversion options.
The No. 1 and No. 2 industrial complex stations in Namdong-gu, Incheon, each sit on a general industrial zone site of about 3,300 square meters and are expected to generate stable operations driven by logistics and vehicle demand. The Joyang station in Jecheon, North Chungcheong Province, at about 4,877 square meters, is the largest property among those being sold. Some stations also come with ancillary facilities such as vehicle repair shops and car washes, as well as tenant facilities.
However, any actual development would require review of each site's urban planning regulations, permits, lease arrangements and applicable laws.
Budongsan Planet has maintained its partnership with Koramco Life Infra Reit since first managing the sale of its gas stations in 2021, and has brokered more than 30 station transactions nationwide over that period.
Last year, the company managed the sale of gas stations held by HD Hyundai Oilbank. It closed the deal by bundling six assets into a single bulk sale and proposing a development plan linked to the Korea Land and Housing Corporation's purchase-commitment program.
For the current sale, Budongsan Planet will draw on nationwide data and its network to identify potential buyers among gas station operators, real estate developers, and individual and corporate investors. The company plans to analyze each asset's operating conditions and long-term development potential to tailor sales strategies for individual buyers and improve the likelihood of closing deals.
"Gas stations are specialized assets that require a comprehensive review of operating structures, leases, environmental conditions, permits and other factors, making accumulated experience and the ability to close transactions paramount," said Eom Hyeon-po, chief executive of Budongsan Planet. "Drawing on our collaboration since 2021, we will provide stable advisory support from the start of each transaction through to closing, and aim to deliver deals that satisfy both sellers and buyers."
The gas station sales will proceed through individual bidding for each asset. The bidding deadline is Nov. 19, and details on the listings and participation procedures are available on the Budongsan Planet website and mobile app.
Meanwhile, Budongsan Planet, an AI-driven real estate firm, recently released its analysis of the national commercial and business building transaction market for the third quarter of 2026. Transaction volume in the third quarter fell to 2,808 cases, down 13.5 percent quarter-on-quarter.
shy@heraldcorp.com
