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Sewoon 5th District Pre-purchased by Daishin Securities after Taeyoung E&C’s Exit

2024. 06. 24 · Byungki Koh
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Providing Up-to-date news and contents of Korean commercial real estate market including investment, REITs and market players.

Last December, significant changes were made to the structure of development projects being carried out throughout Seoul after Taeyoung E&C filed for a coroporate workout. Many such projects resulted in failure, but those with good business prospects enacted changes to their structure that adjusted the stakeholders, then continued moving forward. Sewoon 5th District is one such case. The urban redevelopment project in Zone 5-1,3 of the Sewoon Maintenance District in Jung-gu, Seoul, involves the development of a 37-floor office building with 8 basement levels, covering a total floor area of 133,978 square meters. The project’s address is 190-3 Sanrim-dong, Jung-gu, Seoul.     The office development project was originally led […]

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