GS Engineering & Construction Wins 640 Billion Won Ansan Mixed-Use Development Project

Ansan Seongpo District Mixed-Use Development Project

GS Engineering & Construction has won a contract for a mixed-use residential and commercial development project in Ansan, Gyeonggi Province, valued at 640 billion won.

GS Construction CI. GS Construction

According to the Financial Supervisory Service's electronic disclosure system, on June 29, GS Engineering & Construction signed a construction contract for the 'Ansan Seongpo District Mixed-Use Development Project' with Woori Asset Trust.

The contract amount is 641.57 billion won (excluding tax), which accounts for 5.15% of the company's consolidated sales as of the end of last year.

The project site is located at 586 Seongpo-dong, Sangnok-gu, Ansan-si, Gyeonggi Province. The development will consist of four apartment buildings with a total of 984 units and two officetel buildings with 370 units, along with neighborhood living facilities and public office facilities, in a complex ranging from six basement levels to 49 above-ground floors.

The construction period is 52 months from the actual commencement date, and payments will be made based on progress according to the percentage of completion.

GS Engineering & Construction stated, "The contract amount and construction period may be subject to change depending on the terms of the construction contract."

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