[Alpha Biz= Reporter Kim Jisun] Samsung Heavy Industries announced on the 16th that it will sell its Pangyo Research and Development (R&D) Center for 400 billion KRW to improve financial stability and secure investment funds.

The Samsung Heavy Industries Pangyo R&D Center, located in Bundang-gu, Seongnam-si, Gyeonggi Province, spans 7,460㎡ (approximately 2,257 pyeong) and consists of five underground floors and eight above-ground floors. It was completed in December 2014.

Samsung Heavy Industries has been expanding investments in areas such as eco-friendly ship technology, including ammonia and LNG vessels, as well as automation and unmanned shipyards. The sale of the R&D center was decided as part of efforts to secure funds for these investments.

The transaction will be carried out through a "Sales and Lease Back" method, with the buyer being EGIS Long Whale No.1, a real estate investment company managing entrusted properties. After the sale, Samsung Heavy Industries plans to continue using the Pangyo facility under a lease agreement.

 

 

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