Tall & Urban News

Mirae Asset Daewoo announced April 25 that it will underwrite mezzanine debt worth US$243 million for the Goldin Financial Global Center located in Kowloon Bay. The Hong Kong government has been developing Kowloon Bay as a new central business district in the east part of the Kowloon Peninsula, with an investment of 34 trillion won (US$29.9 billion).

The office building, owned by Goldin Financial Holdings, received Platinum LEED certification, the highest level, from the US Green Building Council.

South Korea’s leading brokerage house Mirae Asset Daewoo Co., which has 12 subsidiaries in 11 countries, has been showing its voracious appetite for foreign real estate recently. It took over the Keangnam Landmark 72 building in Hanoi, Vietnam for 400 billion won (US$345 million) in 2016 and a FedEx logistics center in the US the following year. It also invested US$95 million in the Cosmopolitan Hotel in Las Vegas, 380 billion won (US$328 million) in Cannon Bridge House in London and US$78 million in Amazon’s distribution center in Atlanta last year.

Last month, its consortium was named the preferred bidder for the Tour Majunga building, a landmark building located in the La Défense district of Paris. Built in 2014, Tour Majunga is the fourth-tallest building in France and has been mostly leased out to global accounting and consulting firms under long-term contracts.

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