Hines completes 1.4 trillion KRW project financing (PF)
Lump-sum payment of 120 billion KRW to be made to Busan City
60-story "Global Quantum Complex" to be built; Daewoo E&C in charge of construction
Construction expected to break ground around August
https://mobile.busan.com/view/busan/view.php?code=2026052518275423593
Real estate developer Hines will pay the remaining balance on the land purchase agreement for the Centum 1st District development site in front of BEXCO in Haeundae-gu, Busan, to the Busan Metropolitan Government next month, officially launching a major mixed-use development project.
The development of Busan's Centum 1st District is finally reaching its final conclusion.
According to a Busan City official, "While Centum 1st District has reached its maturity stage, this particular site uniquely failed to find an owner and remained undeveloped. Once quantum computing services commence within Centum City, it will allow the region to break away from the structure where finance and technology infrastructure are heavily concentrated in the Seoul metropolitan area."
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Posted by self-fix2