Public Officials Benefit Association - Lotte Consortium is selected as a preferred bidder for main commercial area development project with PF in Pankyo
Public Officials Benefit Association (The Chief Director Lee Hyung-Kyu) - Lotte
Consortium is selected as a preferred bidder for main commercial area development
project with PF in Pankyo, the total expected project cost is over KRW 5,000 billion.
On September 6, POBA - Lotte Consortium that Public Officials Benefit Association joined as a leading company, reported that POBA Consortium, which submitted the long term and safe business plan with KRW 2,350 billion land cost, is selected as a preferred bidder of Pankyo Development Project with PF among 5 major local consortiums.
Public Officials Benefit Association submitted the Business Plan for this project as a biggest investor together with Lotte.
Lotte Department Store as a distributor, Lotte Engineering and Construction, Daelim Industrial Co., Ltd., GS Engineering and Construction and Doosan Constrcution and Engineering as construction contractors, Public Officials Benefit Association, Korea Development Bank, Korea Exchange Bank as investors, On Media, Shinyoung, Poongsung Housing and Danho Academy participated in POBA consortium.
POBA consortium, different from other contractor - centered consortiums based on fund, can reduce construction and financing cost because Public Officials Benefit Association is the biggest investor, and have the strongest points to increase the possibility of success through the long term and safe investment.
Public Officials Benefit Association has joined the development Projects for Asanbaebang complex, Gwangmyung Subway Station complex, Wonju company town and Incheon Cheongla Area, and now, Public Officials Benefit Association is cutting a brilliant figure as a positive strategic investor.