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BRIEF-Standard Chartered Private Equity announces real estate investment in Seoul
March 28, 2017 / 7:00 AM / 5 months ago

BRIEF-Standard Chartered Private Equity announces real estate investment in Seoul

March 28 (Reuters) - Standard Chartered PLC

* Principal Finance Real Estate has led a real estate investment, together with GS Retail to acquire a 5,853 sqm site located in Insadong, Seoul

* $43.5 mln site is being acquired from Samsung Fire & Marine, who will continue to participate in the project as a finance provider

* site is slated for development into a mixed-use, integrated retail and hotel complex

* construction of the project is scheduled to commence in May 2017

* GS Retail is serving as the project’s development manager and will continue to manage the retail component of the project upon completion Further company coverage:

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