Caredoc Attracts Cumulative 100 Billion Won in Senior Housing Project Financing
Secures 69.4 Billion Won in New PF for "Nursing Home Premio" Project
Caredoc, a senior total care company, announced on October 2 that it has attracted a total of 69.4 billion won in new real estate project financing (PF) through its "Nursing Home Premio" senior housing establishment project.
This PF was arranged jointly by Hana Securities and Samsung Securities as lead managers, with Kyobo Asset Trust participating in asset management. Through this latest achievement, the Caredoc Premio brand has now attracted a cumulative PF total of 100 billion won. Last October, the company succeeded in raising its first 31 billion won in PF for the "Care Home Premio Suwon Branch" project, and this result comes just over a year later.
The new PF targets two Nursing Home Premio locations to be established in Anyang and Namyangju. The Anyang branch will be developed with a total floor area of 7,445 square meters, while the Namyangju branch will have a floor area of 8,866 square meters. For both locations, Hansol Paper will be responsible for construction. Afterward, Kyobo Asset Trust will assume trust and manage the project securely until development is completed.
Caredoc Premio is a next-generation premium model, upgrading and expanding on the strengths of the existing flagship senior residential "Caredoc Care Home" series and incorporating Caredoc's own expertise. The brand aims to create a high-quality, customized living environment tailored to senior lifestyles, helping to improve quality of life in old age.
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Jaebyung Park, CEO of Caredoc, said, “We will continue to lead innovation and advancement in the overall senior housing business including senior welfare housing and nursing facilities, contributing to the growth of the related market.”
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