Yeouido by Jinho Kim, Flickr에서

Actually This project's cost $ 1.2 billions
U/C stalled when 20% cost spent in this project.
But if project resume the it need over $ 2 billions except previous lost(20%+legal process cost etc)
Now a lot of structure erosion. Y22 concern say we will check structure by expert and if dangerous then we will "SHAVE AWAY" them all and rebuilt part.
Also concern say "All in all, it take some long period when office building full occupy. PARC1 many part of inside contents similar with IFC seoul tower nearby. So we will relocated and renovation inside content.


BTW
Let's compare with IFC tower which are located next Parc1
originally AIG invest $1.2 billions in IFC project
Now this tower will be re-sale as $ 2~3 billions. GIC is one of candidate buyer.
In short AIG get over $1 billions net profit in IFC.
tremendous money!

So Parc1 project very deserved to invest money.
Hopefully GIC invest in Parc1

bennessb said:
Looking forward to learning more!
Click to expand...
appreciated friend!
 
1468253116 by Inno Inno, Flickr에서
1468253116 (1) by Inno Inno, Flickr에서
1468217290 by Inno Inno, Flickr에서
1468217290 (3) by Inno Inno, Flickr에서
1468217290 (2) by Inno Inno, Flickr에서
1468217290 (1) by Inno Inno, Flickr에서

AKR20160714119200008_01_i by Inno Inno, Flickr에서

Official agreement
Resume project
NH투자증권 INVESTMENT about 2 billions USD in parc1 project
Especially they buying one tower(56fl 277m tower)
meanwhile Tallest tower 338m will be own by Tongilgyo religion group
NH will be Re-sale 277m tower when project completed
KB bank&GIC singafore fund will be kick out
 
Official News

-Y22 BREAK contract with SAMSUNG C&T who main U/C builder company in Parc1
-Y22 assignment with POSCO instead of SAMSUNG C&T
-POSCO will be built parc1 as certification until project completed. whichmeans POSCO get all risk to completed project!
-And POSCO cosidering to remove Head Office from Songdo of Incheon to Seoul i,e Parc1's one of main tower.
-Many expert expect POSCO will be move their HQ to Parc1 when tower completed.
 
20140628_152753 by Inno Inno, Flickr에서
^^
Parc1 site (Center)
Parc1 taller than IFC(Right three building). So It will be really gorgeous when completed

NEWS
-NH STOCK evaluated Parc1's price as about $ 3 billions(3조 2510억 원)
-So when completed Y22(PFV) will be get about $ 500 millions as profit
-Now NH is going to finished ALL construction money until end of this month
-And U/C begin next month
-POSCO company(who substitution SAMSUNG C&T) official guarantee Parc1's Completion and project finish
 
free picture upload
1468253116 (1) by Inno Inno, Flickr에서
^^
Official
Gongsang bank of China
invest $120 millions on Parc1&Renassance hotel project.

P.S Recently Renassance hotel project PF completed successfully
So above two project simultaneously U/C begin

Alot of china money flow into seoul. they loan from EU bank as 1~2% and reinvest in seoul and get back profit 3~4%
 
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