Masterin Investment Management Signs MOU with Veolia Korea for Joint Energy Efficiency Project

A Trophy Asset in Pangyo’s Prime Location
Pursuing Operational Cost Reduction and Enhanced ESG Performance

Masterin Investment Management is working with the global environmental services company Veolia Korea (hereinafter "Veolia") to improve the energy efficiency of its managed assets and strengthen its ESG competitiveness.

Masterin Investment Management announced on September 7 that it had signed a memorandum of understanding (MOU) with Veolia on September 4 at its headquarters in Seocho-gu, Seoul, to jointly promote the energy efficiency project at Pangyo Alphalium Tower. The signing ceremony was attended by Lee Taekyung, Head of Domestic Operations at Masterin Investment Management, Gilles Hild, Executive Vice President of the Energy Business Division at Veolia Korea, and officials from both companies.

Lee Taekyung, Head of Domestic Operations at Maston Investment Management (left), and Gill Yield, Executive Director of Veolia Energy Business Division, are taking a commemorative photo after signing a business agreement for the joint promotion of the energy efficiency project at Pangyo Alpharium Tower. Maston Investment Management

Pangyo Alphalium Tower is an office complex consisting of two buildings with a total gross floor area of 112,254 square meters (approximately 33,900 pyeong) located within the Alpha Dome City near Pangyo Station. With its prime location and substantial size, it attracts strong demand from IT and tech companies as tenants, making it a leading trophy asset in the Pangyo area. Through this agreement, Masterin Investment Management aims to achieve both operational cost reductions, including energy costs, and enhanced ESG performance.

Under this agreement, both companies will conduct an on-site technical assessment for Pangyo Alphalium Tower to derive customized energy-saving solutions and plan to move forward with formal contract discussions based on these findings.

Veolia Group, founded in France in 1853, is a global leader in water treatment, waste management, and energy management services. The group provides environmental solutions in 58 countries worldwide and is currently expanding its business beyond hospitals and industrial facilities to the office building sector.

Lee Taekyung, Head of Domestic Operations at Masterin Investment Management, stated, "This agreement is a significant initiative to simultaneously improve the energy efficiency and ESG competitiveness of our managed assets through collaboration with a leading global environmental services provider. Starting with Pangyo Alphalium Tower, we plan to consider expanding the application of environmentally friendly energy management models to other managed assets in the future."

Gilles Hild, Executive Vice President of the Energy Business Division at Veolia Korea, commented, "We are pleased to partner with Masterin and provide sustainable innovative solutions to major real estate assets. Leveraging Veolia's global expertise, we will actively contribute to creating long-term value for stakeholders and building a sustainable future."

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