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Korea’s Commercial Real Estate “Data Giant” Attracts NPS, GIC and Blackstone

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RSQUARE’s Investment Advisory Division recorded a 2.3 times year-on-year increase in assets under advisory in 2025Advisory capabilities extend beyond financial investor matching to identifying corporate owner occupiers and developing value add strategies for alternative assetsProprietary database of more than 400,000 buildings supports a global client base including GIC, DWS, PAG and Blackstone

SEOUL, South Korea, Aug. 20, 2026 /PRNewswire/ — Korea’s commercial real estate market is entering a period of greater asset differentiation following a prolonged cycle of high interest rates and tighter liquidity. As a result, institutional investors are shifting their criteria for selecting advisors away from brand recognition toward access to real asset data and the ability to develop tailored strategies for individual properties.

Against this backdrop, RSQUARE is expanding its presence in the market with a proprietary database covering more than 400,000 buildings across Korea and end-to-end capabilities spanning leasing, transactions and property management. These strengths have attracted major Korean institutions, including the National Pension Service, Woori Bank and Samsung Securities, as well as global investors such as GIC, DWS, PAG and Blackstone.

Structuring Large Core Asset Transactions and Matching Corporate Owner Occupiers

One of the division’s representative transactions was the sale advisory mandate for Centerpoint Gwanghwamun, a prime office asset in Seoul’s Jongno district within the Central Business District.

The property, previously owned by Koramco REITs Management and Trust, was sold in October 2025 for KRW 432 billion, equivalent to KRW 36.7 million per py. RSQUARE formed a consortium with Deloitte Anjin and participated throughout the entire advisory process, including the identification of prospective buyers, transaction structuring and coordination among key stakeholders.

In the KRW 280 billion sale of Humax Village, a landmark property in the Bundang Business District completed in March 2026, RSQUARE identified and connected the seller with a strategic investor seeking to acquire the asset for use as its corporate headquarters, rather than relying solely on conventional financial investors.

The transaction was supported by RSQUARE’s ability to combine its extensive offline leasing network with proprietary corporate demand data, enabling the firm to target businesses with genuine owner occupier requirements.

RSQUARE has also demonstrated its capabilities in developing proactive value add strategies for alternative investment assets. In advising on the KRW 31.5 billion sale of Sejong Telecom’s Bundang IDC in July 2025, RSQUARE focused on the asset’s scarcity as a small to mid-sized data center within the Seoul Metropolitan Area.

The firm proposed an infrastructure enhancement strategy to increase the facility’s incoming power capacity from 6.75 MW to 9.75 MW, helping facilitate a successful private renovation and value add investment by an asset management company.

Strategic Advisory Based on Buyer Specific Scenarios

RSQUARE conducts detailed assessments of the physical limitations and potential of each asset and proactively presents prospective buyers with strategies tailored to their investment objectives.

For investors prioritizing stable rental income, the firm has matched assets such as Tower 107, Fastfive Tower and A One Dangsan, all of which are supported by established anchor tenants in Seoul’s major business districts.

RSQUARE has also secured consecutive advisory mandates for office developments in the Second and Third Pangyo Techno Valleys, strengthening its position across one of South Korea’s leading technology and innovation corridors.

In addition to transactions involving assets with similar characteristics, including the Samseong dong Building and GC Campus Seoul Forest, RSQUARE has developed detailed conversion strategies for properties such as the Cheongdam Hugel Building, Cheongnam Building in Bangbae dong and Samsung Fire Service Building in Mok dong.

These strategies include repositioning the assets immediately after acquisition as single occupier corporate headquarters, senior housing, medical centres or hotels, providing funds and asset managers with clear business plans for unlocking additional value.

Deep Local Data Supporting Full Lifecycle Real Estate Services

RSQUARE’s advisory performance is underpinned by a proprietary commercial real estate database built through direct, property-by-property market surveys.

The company has independently compiled data on more than 400,000 buildings across South Korea and overseas markets including Vietnam and Singapore. This database provides live, highly localized market intelligence that is generally unavailable through public data sources or even global real estate advisory firms such as CBRE and Savills.

The data is consolidated within RSQUARE Analytics (RA), the company’s proprietary real estate intelligence platform. RA provides market intelligence and analytical insights to global investors including GIC, DWS, PAG and Blackstone, as well as leading Korean financial institutions such as National Pension Service (NPS), Woori Bank, Samsung Securities, IGIS Asset Management and Koramco REITs Management and Trust.

Among RA’s 150 cumulative corporate clients, approximately 38% are trust companies and asset managers, 21% are financial institutions and 15% are overseas or institutional investors. Together, financial, investment and asset management clients account for approximately 74% of the platform’s customer base.

Global advisory firms including CBRE, Savills, Cushman & Wakefield and Colliers operate in South Korea. However, within the Korean market, RSQUARE is recognized for the scale and breadth of its coverage across investment advisory, research, acquisitions and disposals, leasing brokerage and property management.

Its deep and differentiated data enables the company to provide the entire commercial real estate service lifecycle through a single platform, from investor matching and transaction structuring to asset operation and management. This integrated service model represents a key distinction from its global competitors.

“The core of commercial real estate investment is having a complete understanding of the demand that will ultimately occupy the space,” said Park Jong Yeol, Professor at Konkuk University’s Institute for Future Knowledge Education.

“By combining living, real-time data generated through Korea’s largest commercial leasing brokerage operation with the execution capabilities of experienced capital markets professionals, RSQUARE is redefining the standards of the Korean commercial real estate advisory market.”

View original content:https://www.prnewswire.com/news-releases/koreas-commercial-real-estate-data-giant-attracts-nps-gic-and-blackstone-302856999.html

SOURCE RSQUARE

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Prospa research: Two in three Aussie SMEs want rewards on their bills, yet only 8% are cashing in on supplier payments

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New Prospa and YouGov research finds SMEs would put an average of nearly $9,400 a month through a rewards-enabled payment platform, while only 8% currently route B2B payments through platforms offering rewards

SYDNEY, Nov. 16, 2026 /PRNewswire/ — Australian small and medium businesses could be missing out on rewards from thousands of dollars in necessary business spending each month, as rising operating costs continue to put pressure on margins.

New research from Australian fintech Prospa and YouGov found 84% of Australian SMEs have experienced rising operational costs, while 80% say unavoidable expenses have squeezed their margins over the past 12 months.

With businesses already paying suppliers, bills and other operating costs, the findings suggest SMEs are increasingly looking for ways to get more value from spending they cannot avoid.

Two in three Australian SMEs would use a rewards-enabled payment platform if given the option, yet only 8% currently use one for B2B payments. SMEs said they would put an average of $9,398 a month through a platform that offered rewards.

Beau Bertoli, Co-Founder and Chief Revenue Officer at Prospa, said: “Every business has regular expenses that need to be paid, regardless of the economic environment. This research shows there is an opportunity for business owners to get more value from those everyday payments, rather than viewing them as simply a cost of doing business.

“Australian SMEs are looking for more value from the unavoidable costs of running a business. Two in three would put overheads through a rewards-enabled payment platform if given the option, yet only 8% currently route B2B payments through one. That gap shows rewards-enabled business payments remain a largely untapped opportunity.”

Most SMEs are not earning rewards on B2B payments

The research found Australian SMEs currently use several methods to earn value from business spending:

23% use a business card that earns points, cashback or rewards.14% negotiate rebates or loyalty benefits directly with suppliers.8% use a B2B payment platform that offers rewards.A further 20% are actively looking for ways to get value or rewards from money they already spend.

“The results show that rewards are already part of how some SMEs approach business spending, although the methods used differ,” Bertoli said.

“For some businesses, this means using rewards cards to get more value from everyday spending. Others are negotiating rebates with suppliers or routing B2B payments through platforms offering rewards. The opportunity is to give more SMEs practical ways to get greater value from spending that is already part of running their business.”

SMEs would put thousands through rewards-enabled business payments

The amount Australian SMEs would put through a rewards-enabled payment platform varied by business size and structure:

Across all SMEs surveyed, the average was $9,398 a month.Non-sole traders would put through an average of $14,682 a month.Sole traders would put through an average of $6,214 a month.One in five SMEs would put at least $10,000 of monthly business spending through one.

Non-sole traders were also more likely to actively look for value or rewards from money they already spend, at 27%, compared with 16% of sole traders.

“The level of interest naturally depends on the size and structure of each business, as every business faces its own unique expenses and payment volumes. That’s why it’s important to recognise that solutions need to be flexible to meet these diverse needs,” Bertoli said.

“We launched Prospa Rewards because small businesses told us they want their everyday spending to work harder. Business owners already have suppliers, bills and other operating costs to pay. This is about helping them get something back from the spending that is part of their business.”

About Prospa Rewards

The findings come following the launch of Prospa Rewards, a business rewards platform designed to help eligible Australian small businesses earn value from eligible business payments and transactions they already make.

Eligible customers can earn one Prospa Point for every $1 paid on eligible transactions. Prospa Points can be redeemed for selected business essentials and gift cards, or converted to Qantas Frequent Flyer Points.

Eligibility criteria, transaction requirements and redemption terms apply.

 

About Prospa

Prospa is a leading fintech committed to unleashing the potential of every small business in Australia and New Zealand. We do this by developing fast, flexible, stress-free lending solutions and financial management tools that help businesses thrive.

At Prospa, we’re deeply committed to making a meaningful impact on the small business community and on our people. Since 2012, Prospa has helped over 45,000 small businesses access over $5 billion in business funding, working with over 20,000 partners, including brokers, accountants, and aggregator partners, to help unlock business funding for their small business clients.

In addition to our commitment to supporting SMEs, Prospa has also been recognised for its workplace practices, culture, and values, culminating in our certification as a Great Place to Work in Australia, a Great Place to Work in Technology, and, in 2025, a Great Place to Work for Women.

For more information about Prospa, visit prospa.com

Methodology

All figures, unless otherwise stated, are from YouGov. Total sample size was 500 adults. Fieldwork was undertaken between 30th July – 13th August 2026. The survey was carried out online. The figures have been weighted and are representative of all Australian business owners and primary decision makers of businesses with fewer than 50 employees (aged 18+).

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/prospa-research-two-in-three-aussie-smes-want-rewards-on-their-bills-yet-only-8-are-cashing-in-on-supplier-payments-302937153.html

SOURCE Prospa

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Prospa research: Two in three Aussie SMEs want rewards on their bills, yet only 8% are cashing in on supplier payments

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New Prospa and YouGov research finds SMEs would put an average of nearly $9,400 a month through a rewards-enabled payment platform, while only 8% currently route B2B payments through platforms offering rewards

SYDNEY, Nov. 16, 2026 /PRNewswire/ — Australian small and medium businesses could be missing out on rewards from thousands of dollars in necessary business spending each month, as rising operating costs continue to put pressure on margins.

New research from Australian fintech Prospa and YouGov found 84% of Australian SMEs have experienced rising operational costs, while 80% say unavoidable expenses have squeezed their margins over the past 12 months.

With businesses already paying suppliers, bills and other operating costs, the findings suggest SMEs are increasingly looking for ways to get more value from spending they cannot avoid.

Two in three Australian SMEs would use a rewards-enabled payment platform if given the option, yet only 8% currently use one for B2B payments. SMEs said they would put an average of $9,398 a month through a platform that offered rewards.

Beau Bertoli, Co-Founder and Chief Revenue Officer at Prospa, said: “Every business has regular expenses that need to be paid, regardless of the economic environment. This research shows there is an opportunity for business owners to get more value from those everyday payments, rather than viewing them as simply a cost of doing business.

“Australian SMEs are looking for more value from the unavoidable costs of running a business. Two in three would put overheads through a rewards-enabled payment platform if given the option, yet only 8% currently route B2B payments through one. That gap shows rewards-enabled business payments remain a largely untapped opportunity.”

Most SMEs are not earning rewards on B2B payments

The research found Australian SMEs currently use several methods to earn value from business spending:

23% use a business card that earns points, cashback or rewards.14% negotiate rebates or loyalty benefits directly with suppliers.8% use a B2B payment platform that offers rewards.A further 20% are actively looking for ways to get value or rewards from money they already spend.

“The results show that rewards are already part of how some SMEs approach business spending, although the methods used differ,” Bertoli said.

“For some businesses, this means using rewards cards to get more value from everyday spending. Others are negotiating rebates with suppliers or routing B2B payments through platforms offering rewards. The opportunity is to give more SMEs practical ways to get greater value from spending that is already part of running their business.”

SMEs would put thousands through rewards-enabled business payments

The amount Australian SMEs would put through a rewards-enabled payment platform varied by business size and structure:

Across all SMEs surveyed, the average was $9,398 a month.Non-sole traders would put through an average of $14,682 a month.Sole traders would put through an average of $6,214 a month.One in five SMEs would put at least $10,000 of monthly business spending through one.

Non-sole traders were also more likely to actively look for value or rewards from money they already spend, at 27%, compared with 16% of sole traders.

“The level of interest naturally depends on the size and structure of each business, as every business faces its own unique expenses and payment volumes. That’s why it’s important to recognise that solutions need to be flexible to meet these diverse needs,” Bertoli said.

“We launched Prospa Rewards because small businesses told us they want their everyday spending to work harder. Business owners already have suppliers, bills and other operating costs to pay. This is about helping them get something back from the spending that is part of their business.”

About Prospa Rewards

The findings come following the launch of Prospa Rewards, a business rewards platform designed to help eligible Australian small businesses earn value from eligible business payments and transactions they already make.

Eligible customers can earn one Prospa Point for every $1 paid on eligible transactions. Prospa Points can be redeemed for selected business essentials and gift cards, or converted to Qantas Frequent Flyer Points.

Eligibility criteria, transaction requirements and redemption terms apply.

 

About Prospa

Prospa is a leading fintech committed to unleashing the potential of every small business in Australia and New Zealand. We do this by developing fast, flexible, stress-free lending solutions and financial management tools that help businesses thrive.

At Prospa, we’re deeply committed to making a meaningful impact on the small business community and on our people. Since 2012, Prospa has helped over 45,000 small businesses access over $5 billion in business funding, working with over 20,000 partners, including brokers, accountants, and aggregator partners, to help unlock business funding for their small business clients.

In addition to our commitment to supporting SMEs, Prospa has also been recognised for its workplace practices, culture, and values, culminating in our certification as a Great Place to Work in Australia, a Great Place to Work in Technology, and, in 2025, a Great Place to Work for Women.

For more information about Prospa, visit prospa.com

Methodology

All figures, unless otherwise stated, are from YouGov. Total sample size was 500 adults. Fieldwork was undertaken between 30th July – 13th August 2026. The survey was carried out online. The figures have been weighted and are representative of all Australian business owners and primary decision makers of businesses with fewer than 50 employees (aged 18+).

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/prospa-research-two-in-three-aussie-smes-want-rewards-on-their-bills-yet-only-8-are-cashing-in-on-supplier-payments-302937153.html

SOURCE Prospa

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The Pan-Mass Challenge Exceeds 2026 Fundraising Goal with Record-Breaking $80 Million Gift Fueling Lifesaving Research at Dana-Farber Cancer Institute

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With its largest gift ever, the world’s most successful athletic fundraiser continues to shatter fundraising records at a time when cancer research needs support most

BOSTON, Nov. 15, 2026 /PRNewswire/ — The Pan-Mass Challenge (PMC), a bike-a-thon which has raised more money for charity than any other single athletic fundraising event in the world, today presented a record-breaking $80 million gift to Dana-Farber Cancer Institute, one of the nation’s top three cancer hospitals. Presented at a celebratory brunch at Rochambeau in Boston, this gift brings the PMC’s total contribution to Dana-Farber’s mission to more than $1.2 billion.

For the 20th consecutive year, 100 percent of every rider-raised dollar goes directly to Dana-Farber. Powered by thousands of riders and volunteers from across the world, every dollar raised helps fuel groundbreaking cancer research, lifesaving treatments, and patient care.

“$80 million isn’t just a number. It represents the next clinical trial, the next breakthrough, the next life saved, and the next patient who gets to ring the bell at the end of treatment,” said Billy Starr, PMC founder and chairman. “Now, more than ever, our riders, volunteers, donors, and corporate partners understood exactly what was at stake. They didn’t just meet the moment, they rode right past it. I’ve never been prouder of this community, and I’ve never been more confident that the cures we ride for are within reach.”

The record-breaking gift arrives at a pivotal moment in the nation. While federal research support and grant approval rates are shrinking, cancer rates continue to climb, with more than 20 million new cancer cases projected worldwide in 2026 alone. The PMC’s sustained giving is one of the most essential forces keeping transformative research at Dana-Farber moving forward.

“We are immensely grateful for the PMC’s longstanding support of Dana-Farber,” said Benjamin L. Ebert, MD, PhD, president and CEO of Dana-Farber Cancer Institute and PMC rider. “This unprecedented gift is an important milestone and will be used to shape the future of cancer care and research at Dana-Farber. I am honored to be one of thousands of committed PMC riders and volunteers who have played a role in making a big impact.”

The PMC is Dana-Farber’s single largest contributor, accounting for 67 percent of revenue for the Jimmy Fund, Dana-Farber’s community fundraising arm. But the most significant measure of the PMC’s funding is found in the discoveries that bring new hope to patients and families facing cancer. PMC support helped drive some of Dana-Farber’s most significant recent breakthroughs, including the discovery of menin inhibitors, the improvement of multi-cancer early detection, and the development of new types of cell therapies such as CAR-T cell therapy and tumor-infiltrating lymphocyte (TIL) therapy.

The unprecedented gift reflects a full year of riding and fundraising. In addition to the flagship PMC weekend, crucial funding was supported by the PMC’s further spokes in the wheel, including PMC Winter Cycle, an indoor spin event at Fenway Park; PMC Unpaved, a gravel bike ride; and PMC Kids Rides, mini bike-a-thons for children ages 2 to 15.

The PMC is co-presented by the Red Sox Foundation® and M&T Bank. To learn more, get involved, or donate, visit www.pmc.org.

About the Pan-Mass Challenge
The Pan-Mass Challenge (PMC) is a bike-a-thon that today raises more money for charity than any other single athletic fundraising event in the world. Founded in 1980 by Billy Starr – who remains the event’s founder & chairman, an annual cyclist, and a fundraiser – the PMC has raised $1.2 billion for Dana-Farber Cancer Institute through the Jimmy Fund. As Dana-Farber’s single largest contributor, the organization generates 67 percent of the Jimmy Fund’s annual revenue. 100 percent of every rider-raised dollar goes directly to fueling cancer research and treatment at Dana-Farber. In addition to its two-day bike-a-thon across Massachusetts, the PMC is powered by further “spokes in the wheel,” with initiatives including the PMC Winter Cycle, an indoor spin event, PMC Unpaved, a gravel bike ride, and PMC Kids Rides, mini bike-a-thons for children ages 2 to 15. The PMC attracts riders and volunteers from 44 states and eight countries and over 300,000 individual donors. Across events, the PMC has successfully melded support from committed cyclists, volunteers, corporate sponsors, and individual donors, all of whom are essential to the PMC’s goal and model: to attain maximum fundraising efficiency while increasing its annual gift. The PMC’s aspiration is to provide Dana-Farber’s doctors and researchers with the necessary resources to discover cures for all cancers. For more information, visit www.pmc.org.

About Dana-Farber Cancer Institute
Dana-Farber Cancer Institute is a global leader in cancer research and care, with a mission to reduce the burden of cancer through scientific discovery, clinical excellence, education, community engagement and advocacy. Dana-Farber is dedicated to a unique and equal balance of cancer research and care, offering more than 1,200 clinical trials and translating the results of discovery into new treatments for patients locally and around the world. U.S. News & World Report recognized Dana-Farber Brigham Cancer Center as the Best Hospital for Cancer in Massachusetts and number three in the nation, and Dana-Farber Boston Children’s Cancer and Blood Disorders Center as the Best Children’s Hospital for Cancer in the country, making Dana-Farber the only hospital in the country among the top three for both adult and pediatric cancer care. It is a federally designated Comprehensive Cancer Center and a principal teaching affiliate of Harvard Medical School.

About the Jimmy Fund
The Jimmy Fund is comprised of community-based fundraising events and other programs that, solely and directly, benefit Dana-Farber Cancer Institute’s lifesaving mission to provide compassionate patient care and groundbreaking cancer research for children and adults. Since 1948, the generosity of millions of people has helped the Jimmy Fund save countless lives and reduce the burden of cancer for patients and families worldwide.

The Jimmy Fund is proud of its longstanding partnerships with the Boston Red Sox and the Red Sox Foundation, the Boston Athletic Association, the Massachusetts Chiefs of Police Association, the Pan-Mass Challenge, and Variety Children’s Charity of New England, which was instrumental in the Jimmy Fund’s founding. Follow the Jimmy Fund on Facebook, Instagram, LinkedIn, TikTok, and X: @TheJimmyFund

Contacts

Jenna Lehan, on behalf of the PMC
Jenna@hollywoodagency.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/the-pan-mass-challenge-exceeds-2026-fundraising-goal-with-record-breaking-80-million-gift-fueling-lifesaving-research-at-dana-farber-cancer-institute-302939737.html

SOURCE Pan-Mass Challenge

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