Shin Geum Investment Solely Underwrites Collateral Loan for Millennium Hilton Seoul Station and PF Loan for Jukjeon Data Center

Aerial view of Millennium Hilton Hotel Seoul Station. [Photo by Shinhan Financial Investment]

[Asia Economy Reporter Lee Jung-yoon] Shinhan Financial Investment announced on the 3rd that it has successfully led the collateral loan for the Millennium Hilton Hotel at Seoul Station and the PF loan for the Jukjeon Data Center development project in succession.

The Seoul Station Millennium Hilton Hotel project involves purchasing, demolishing, and rebuilding the Millennium Hilton Seoul Hotel located in Jung-gu, Seoul. The total amount raised by Aegis Asset Management, which is carrying out the project under the leadership of Shinhan Financial Investment, is 1.44 trillion KRW. Shinhan Financial Investment led the collateral loan on the 24th of last month.

Additionally, Shinhan Financial Investment led the PF loan for the Jukjeon Data Center development project on the 28th of last month. This project involves developing a data center in Jukjeon-dong, Yongin-si, Gyeonggi Province. The total amount raised by Pacific Asset Management, which is carrying out the project under Shinhan Financial Investment’s leadership, is 628 billion KRW.

Meanwhile, Shinhan Financial Investment’s Investment Banking (IB) division has demonstrated its capabilities in the market by consecutively leading large-scale fundraisings. With the recent success in leading loans totaling approximately 2.06 trillion KRW, Shinhan Financial Investment has proven itself as a strong player in real estate finance within the IB market. In particular, by playing a crucial role in developing data centers, a core infrastructure of the digital industry, it has aligned with Shinhan Financial Group’s vision of “Easier, More Comfortable, and Newer Finance.”

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