DL E&C Selected as Preferred Negotiation Partner for 2 Trillion Won Seongsu District 2 Redevelopment Project

Announcement of Preferred Negotiation Partner Selection on the 29th

DL E&C announced on the 29th that it has been selected as the preferred negotiation partner for the redevelopment project of Seongsu Strategic Maintenance Zone District 2 (Seongsu District 2).

Seongsu District 2 involves constructing 2,359 units in buildings up to 65 stories high on a site of 131,980㎡ in the area of 506, Seongsu-dong 2-ga 1-dong. The total project cost amounts to 2.0137 trillion won. Among the redevelopment projects in the Han River Belt, Seongsu Strategic Maintenance Zone is considered highly attractive due to its location and business feasibility, drawing the attention of major construction companies.

Previously, DL E&C was the sole bidder in the first round of contractor bidding held on the 31st, and also participated alone in the second site briefing session. If two rounds of competitive bidding end without a result, the association can proceed with private contracts through a resolution at the general meeting.

DL E&C stated, "Our selection as the preferred negotiation partner comes as a result of switching to a private contract process after more than two failed bid attempts," adding, "The procedure for selecting the contractor will proceed at the upcoming general meeting of association members."

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