Hanyang Securities Completes Main PF of 280 Billion KRW for Gyeonggi Gwangju Gyeongan 2 District

Hanyang Securities announced on the 13th that it has completed the main PF for the Gyeongan 2 District mixed-use urban development project in Gwangju, Gyeonggi Province. The project, totaling 280 billion KRW, involved Hanyang Securities as the financial lead manager.

This project is located on a 29,725㎡ site at 28-3, Yeokdong, Gwangju, Gyeonggi Province, and involves constructing four mixed-use buildings comprising 673 residential units, 216 officetel units, and approximately 10,000㎡ of retail space. Although the project was initiated in 2019, it was delayed due to the real estate market downturn and changes in the project plan.

Last year, Hyosung Heavy Industries joined as the construction company and Hanyang Securities as the financial lead manager, leading to the project's full-scale relaunch and completion of the main PF. Construction began in April this year, with sales starting in May, and completion is targeted for 2029.

Earlier this year, Hanyang Securities recruited Kim Ki-hyung as the Head of IB to strengthen its IB capabilities and real estate PF risk management. Since then, the company has been driving real estate PF, which recorded a turnaround in performance last year. A Hanyang Securities representative stated, "We plan to actively support the IB business division, including PF, and accelerate leading large deals in the market through aggressive investment."

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