NH Investment & Securities Co., Ltd., Investment Arm and SK D&D Co. Ltd. completed the acquisition of Young City (25, Munrae-ro 23-gil, Yeongdeungpo-gu) and Seoul (55-18, Munrae-dong 3-ga) from Fountain Valley PFV Limited and Phoenix Property Investors Limited.
May 19, 2020
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NH Investment & Securities Co., Ltd., Investment Arm and SK D&D Co. Ltd. (KOSE:A210980) were selected as a preferred bidder to acquire Young City (25, Munrae-ro 23-gil, Yeongdeungpo-gu) and Seoul (55-18, Munrae-dong 3-ga) from Fountain Valley PFV Limited and Phoenix Property Investors Limited for approximately KRW 550 billion in February 2020. NH Investment & Securities Co., Ltd., Investment Arm and SK D&D Co. Ltd. (KOSE:A210980) agreed to acquire Young City (25, Munrae-ro 23-gil, Yeongdeungpo-gu) and Seoul (55-18, Munrae-dong 3-ga) from Fountain Valley PFV Limited and Phoenix Property Investors Limited May 6, 2020. Transaction will be financed by borrowing funds and equity capital. Transaction was resolved by the Board of Directors. Transaction is expected to close on May 20, 2020. YK Son of Cushman & Wakefield acted as real estate advisor for Fountain Valley PFV Limited. Cushman & Wakefield Korea managed the deal.
NH Investment & Securities Co., Ltd., Investment Arm and SK D&D Co. Ltd. (KOSE:A210980) completed the acquisition of Young City (25, Munrae-ro 23-gil, Yeongdeungpo-gu) and Seoul (55-18, Munrae-dong 3-ga) from Fountain Valley PFV Limited and Phoenix Property Investors Limited on May 20, 2020.
SK D&D Co Ltd is a Korea-based company mainly engaged in the development of real estate. The Company operates its business through five segments. The Real Estate Development segment develops non-residential real estate such as offices, knowledge industry centers, hotels, officetels, commercial facilities and distribution centers. In addition, this segment operates commercial facilities and housing rental business. The New and Renewable Energy segment engages in wind power, solar and fuel cell power generation business, and power plant engineering, procurement and construction (EPC) business. The Energy Storage System segment provides electricity resources procurement, installation and operation, and maintenance services. The Furniture Business segment manufactures and sells furniture. The Other segment builds business portfolios.
NH Investment & Securities Co., Ltd., Investment Arm and SK D&D Co. Ltd. completed the acquisition of Young City (25, Munrae-ro 23-gil, Yeongdeungpo-gu) and Seoul (55-18, Munrae-dong 3-ga) from Fountain Valley PFV Limited and Phoenix Property Investors Limited.
SK D&D CO. LTD. 
