KB Securities Consortium Selected as Preferred Bidder for Acquisition of Homeplus Yeongdeungpo Branch

On April 28, KB Securities announced that its consortium has been finally selected as the preferred bidder for the acquisition project of the 'Homeplus Yeongdeungpo Branch' located in Yeongdeungpo-gu, Seoul.

The KB Securities consortium plans to establish a project financing vehicle (PFV) next month, and complete the signing of the main contract as well as the payment of the contract deposit.

Subsequently, the consortium will secure ownership by raising a bridge loan in July, and will go through administrative procedures such as changing the district unit plan before developing residential apartments on the site.

For this project, KB Securities decided to make a direct equity investment in line with the government’s policy to improve the real estate project financing (PF) system. The company emphasized that, beyond simply acting as the lead manager, it is committed to responsible management as a co-partner in the project, with a strong determination to prioritize the project's stability above all else.

The Homeplus Yeongdeungpo Branch to be acquired is located in a prime area adjacent to Mullae Station on Subway Line 2. When redeveloped as residential apartments, the plan is to create a direct passage connecting to Mullae Station, thereby enhancing convenience for residents.

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