HanmiGlobal, a domestic PM (construction management) specialist, said on the 12th that its subsidiaries HanmiGlobal Investment Management and HanmiGlobal E&C signed a business agreement on the 11th with Mirae Asset Securities to revitalize the LH (Korea Land & Housing Corporation (LH)) purchase-commitment residential project.
The LH purchase-commitment residential project is a housing supply model in which LH purchases dwellings built by the private sector under a pre-completion agreement and supplies them as public rentals.
Under the agreement, Mirae Asset Securities will handle equity investment needed for the project, direct lending and arrangement of project financing (PF), financial structuring, and support for fund execution. HanmiGlobal Investment Management will identify project sites in the capital region and support the establishment of project funds and practical work related to LH purchase deliberations. HanmiGlobal E&C, as the constructor, will ensure completion with responsibility.
A HanmiGlobal official said, "This agreement will present a successful model for the LH purchase-commitment project, in which the public and private sectors collaborate, and help supply quality dwellings in the capital region in a timely manner."