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Samsung Heavy Industries Pangyo Building Potentially Handed to IGIS

2024. 11. 08 · 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.

    The Samsung Heavy Industries Pangyo R&D Center is located in Sampyeong-dong, Bundang-gu, Seongnam, Gyeonggi-do. Completed in 2014, the building that is the headquarters for Samsung Heavy Industries has a total floor area of 57,360 square meters, with 5 basement levels and 8 above-ground floors. Samsung Heavy Industries has been thinking Pof selling this building for many years. A management improvement plan was submitted of approximately KRW 1.45 trillion to KDB Industrial Bank in May 2016, revealing plans to sell real estate assets that included the Pangyo R&D Center. In Pangyo, asset sales are restricted for up to 10 years after completion, but exceptions can be made for assets […]

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