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Practice/Industry Group Overview
Real estate is increasingly seen not only as an essential part of a company's infrastructure but also as an attractive business investment. Accordingly, investment in real estate using sophisticated investment techniques in both the domestic and overseas real estate markets.
The Real Estate Group at Shin & Kim deals with the investment in, and development of domestic and overseas real estate markets. In particular, Shin & Kim is taking a leading role in the development of the Seoul International Finance Center project in Yeouido, Seoul, the largest real estate development project in Korea using foreign direct investment.
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Services Available
- Acquisition and Disposition
Office Buildings
Industrial Warehouse
High-end Residential
Shopping Centers
Land
-Development and Construction
Mixed-Use Commercial Real Estate Project (encompassing office, hotel, retail, entertainment, and parking)
Theme Parks
City Planning & Development
Major Renovation & Expansion
Planned Unit Redevelopments
Construction Contracts
Architect & Design Contracts
-Financing
Construction Loans
Mortgage Loans
Project Financing
Real Estate Acquisition Financing
-Leasing
Office
Retail
Warehouse & Industrial Park
Ground Lease
Theater
In addition, Shin & Kim Real Property Group works closely with Shin & Kim litigation team for real property related disputes and litigation.
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Clients:
American International Group Inc., Ascendas, The Carlyle Group, ING Real Estate, GE Real Estate, LaSalle Investment Management, Lehman Brothers, Pramerica, Prudential Assurance Company, Daewoo Engineering & Construction, KB Asset, KAMCO, KORAMCO, Midas Asset, Mirae Asset Property, Samsung Heavy Industries
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Matter Experience
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Representative Transactions |
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Sale and Financing of the acquisition of the Daewoo Centre Building, Shin & Kim acted on the sale side as counsel to Daewoo Engineering & Construction and the financing side as Korean counsel to Shinsei Bank, the Mezzanine Lender. The sale of the Daewoo Centre Building was the largest building sale in terms of price in the history of Korea. The deal was also unique in that the Buyer was a CR-REIT, and mezzanine financing was involved, which is not common in Korea. Shin & Kim took a main role in providing an adequate security package to the Mezzanine Lender and solving other Korean legal issues arising from the mezzanine financing at the shareholder level., December 18, 2007
Development Project - International Finance Centre Seoul in Yoido, Seoul, Korea
, Shin & Kim acted for American International Group Inc. in connection with its large-scale development of a mixed-use commercial real estate project encompassing office, hotel, retail, entertainment, parking and underground connections in Yoido, Seoul, Korea. Since this project is the first of its kind in Korea in many respects, this project has involved a complicated array of legal issues related to real estate development and management, together with issues related to project finance, tax and regulatory matters. As lead counsel, we have been involved since the inception of this project and are currently providing continuous legal services.
, March 23, 2007
Dubai Bando Project, Consultation for MIDAS Asset Management on acquisition of U-Bora Tower, an office building in Dubai, September 27, 2006
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Languages spoken by Real Estate and Construction Professionals
Korean, English, Chinese, Japanese, French, German, Russian |
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