Lotte Construction Selected as Preferred Negotiation Partner for Hanam H2 Project

Hanam H2 Project Rendering

A consortium including Lotte Engineering & Construction has been selected as the preferred negotiator for the 'H2 Project,' an eco-friendly healing cultural complex development project promoted by Hanam Urban Corporation.

The consortium consists of seven entities, including Lotte Engineering & Construction, Kumho Construction, IBK Investment & Securities, Industrial Bank of Korea, and SDAMC. As the preferred negotiator, the consortium plans to sign a business agreement after a negotiation period of up to two months.

The Hanam H2 Project is a development project to build a comprehensive hospital, children's experience facilities, a hotel, and a convention center on a 162,000㎡ site in Changwoo-dong, Hanam City. Given its status as a key development location in the metropolitan area, Lotte Engineering & Construction, selected as the preferred negotiator, is expected to secure a favorable position in the future medical complex town construction market.

The consortium plans a layout where nature and the city coexist flexibly and are organically connected, presenting the concept of a future-oriented urban space for Hanam. The plan includes constructing one 13-story comprehensive hospital building, a 5-story specialized hospital (Korean medicine), a 49-story residential-commercial complex, officetels, senior residences, youth housing, hotel/convention facilities, children's experience facilities, and an ecological cultural park.

A representative from Lotte Engineering & Construction said, "We will realize spaces such as stable medical service supply, a global theme park-style children's experience area, and convention facilities to become a new landmark of young Hanam where nature, medical care, and future urban spaces coexist." He added, "Using this contract as momentum, we will also achieve good results in securing the Bukgajwa 6 District, considered the biggest urban renewal project in the second half of the year."

Meanwhile, three consortia led by major construction companies participated in the H2 Project competition: ▲Lotte Engineering & Construction·Myongji Hospital ▲Hanwha Construction·Kyung Hee University Medical Center ▲DL E&C·Cha Hospital.

This content was produced with the assistance of AI translation services.