Daesin Asset Trust Applies for Project Operator Designation for 'Shillim 5 District' Redevelopment

Daesin Asset Trust, an affiliate of Daesin Securities, announced on April 15 that it has completed the application for the designation of the project operator for the 'Shillim 5 District' redevelopment project currently underway in Gwanak-gu, Seoul.

Kim Songgyu, CEO of Daesin Asset Trust (third from right), and Kwon Kiback, Chairman of the Preparation Committee for Sillim 5 District (fourth from left), have completed the application for the designation of the project operator at Gwanak District Office. Daesin Securities

This application was submitted just 25 days after the collection of consent forms from landowners began. Despite being a large-scale redevelopment project involving approximately 2,600 landowners, the process was expedited due to the swift formation of resident participation.

The Shillim 5 District spans approximately 169,069 square meters at 412 Shillim-dong, Gwanak-gu, Seoul. Through redevelopment, the area is expected to be transformed into a residential complex with about 3,900 units across buildings ranging from three basement levels to 34 above-ground floors.

Daesin Asset Trust plans to enhance the overall stability and efficiency of the project by applying systematic management capabilities from the initial stages, based on its trust-based redevelopment business structure.

Sungkyu Kim, CEO of Daesin Asset Trust, said, "The rapid acquisition of initial consent, despite the large scale of the redevelopment, reflects the trust and expectations for this project. We will pursue integrated management throughout the entire process to ensure a development that satisfies all stakeholders."

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