Daeshin Asset Trust Officially Designated as Project Operator for 'Sillim District 5'

DaeShin Asset Trust, a subsidiary of Daishin Securities, is moving forward in earnest with the redevelopment project for Sillim District 5, the largest redevelopment project in Gwanak-gu.

On June 11, DaeShin Asset Trust announced that on June 4, it received the official designation as the project operator for the Sillim District 5 redevelopment and maintenance project, located at 412 Sillim-dong, Gwanak-gu, Seoul.

This designation comes approximately four months after Sillim District 5 was designated as a maintenance zone in February. The legal consent requirements were met just 25 days after the collection of consent forms began at this large-scale site, which has over 2,600 landowners and stakeholders. DaeShin Asset Trust plans to expedite key procedures such as the selection of a construction company, architectural review, and approval for project implementation.

Sillim District 5 is the largest maintenance project representing Gwanak-gu, with a total site area of 169,069 square meters. A large complex is planned, consisting of approximately 3,900 residential units in buildings ranging from three basement levels to a maximum of 34 floors above ground.

Songkyu Kim, CEO of DaeShin Asset Trust, stated, "I would like to express my gratitude for the trust and support of all landowners and stakeholders in Sillim District 5," and added, "We will do our utmost to ensure transparent and stable project execution, leveraging our accumulated experience and expertise throughout every phase of the maintenance project."

This content was produced with the assistance of AI translation services.