Lotte Construction-Capstone Asset Management, Real Estate Development and Asset Management Business Partnership Agreement
Lotte Construction CEO Ha Seok-ju (left) and Capstone Asset Management CEO Kim Yoon-gu (right) signed a business agreement at Lotte Construction headquarters in Jamwon-dong, Seocho-gu on the 29th of last month.
Lotte Construction announced on the 1st that it has signed a 'Real Estate Development and Asset Management Business Agreement' with Capstone Asset Management.
Capstone Asset Management is an investment management specialist group composed of experts in real estate investment and finance, established after receiving a license for real estate specialized asset management in May 2010.
Lotte Construction is focusing on discovering new growth engines that can secure stable and high returns by expanding its business areas from project discovery to planning, financial investment, and operation.
Through this business agreement, held on the 29th at the headquarters in Jamwon-dong, Seocho-gu, Seoul, Lotte Construction plans to discover various business opportunities through equity investment in the asset management company and further strengthen its capabilities as a comprehensive developer.
As a construction investor, Lotte Construction can participate as a contractor in development projects involving Capstone Asset Management in the future, while Capstone Asset Management can secure the stability of funds, enabling both companies to create business synergies.
Furthermore, both companies plan to jointly discover high-quality projects domestically by establishing and managing blind funds and project funds for investment purposes, and also seek real estate development projects overseas. Through the development of various real estate products, they aim to enhance business stability and maximize profitability.
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A Lotte Construction official stated, "We expect to secure business opportunities and investment profits through equity investment in the asset management company," adding, "We will continue to secure growth engines through various business expansions and strive to diversify revenue structures and strengthen mid- to long-term growth capabilities."
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