Mirae Asset to invest $243 mn in office building in Hong Kong

2019.04.18 14:24:32

Goldin Financial Global Center이미지 확대

Goldin Financial Global Center

South Korea’s leading brokerage house Mirae Asset Daewoo Co. has added a Hong Kong high-rise landmark in its worldwide property portfolio.

Mirae Asset Daewoo announced Thursday that it will underwrite mezzanine debts worth $243 million of Goldin Financial Global Center located in Kowloon Bay, a district where the Hong Kong government has been developing as the new central business district in the east part of Kowloon Peninsula with an investment of 34 trillion won ($29.9 billion).

Owned by Goldin Financial Holdings and Pan Sutong, a businessman in Hong Kong, the office building received Platinum certification, the highest level, from the U.S. Leadership in Energy and Environmental Design (LEED). Global major investors like the Government of Singapore Investment Corp. (GIC) and Deusche Bank.

The Korean brokerage running 12 subsidiaries in 11 countries has been showing its voracious appetite for foreign real estate recently. It took over Keangnam Landmark 72 building in Hanoi, Vietnam for 400 billion won in 2016 and a logistics center of the U.S. FedEx in the following year. It also invested $95 million in Cosmopolitan Hotel in Las Vegas, 380 billion won in Cannon Bridge House in London and $78 million in Amazon’s distribution center in Atlanta last year.

Last month, its consortium was named the preferred bidder for the Tour Majunga building, a landmark building located in La Défense district district in Paris. Built in 2014, Tour Majunga is the fourth tallest building in France and has been mostly leased out to global names of accounting and consulting firms under long-term contracts.

By Cho Si-young and Choi Mira

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