IGIS Asset Management completed the recruitment for the main project financing for the 'Osan Segyo 2 District M1BL (block) public support private rental housing project' on the 20th.
This project is the first super high-rise mixed-use development in Osan City, constructed under the 'The Shop' brand of POSCO. It consists of 897 apartment units and 90 officetel units, with retail facilities also being installed on the lower floors.
According to IGIS Asset Management, Osan Station on Line 1 of the subway is located within a 10-minute walk. Osan Station is expected to be an extension station of the GTX-C, allowing access to Samsung Station in about 40 minutes, which enhances accessibility to Gangnam in Seoul and local development potential.
Three major securities firms, including Kiwoom Securities, Korea Investment & Securities, and Hana Securities, participated in the financing for this project. A total of 348 billion won in private project financing loans was raised. Additionally, the project secured a total budget of 428 billion won, including a loan of 81 billion won from the housing & urban fund, thanks to its recognized public nature. The main project financing agreement and signing are scheduled for March, followed by tenant recruitment announcements in May.
An official from IGIS Asset Management noted, "We are making every effort to conduct a project that focuses on public interest and can benefit investors and the local community," and added, "We will successfully lead this project to become a new residential landmark in the Osan area."