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Photo = Mirae Asset Securities |
[Alpha Biz= Paul Lee] Mirae Asset Group has begun redevelopment of the 5-star Four Seasons Hotel, located in the heart of Sydney, Australia.
According to the financial investment industry on Wednesday, Mirae Asset Group has launched a project to transform the Four Seasons Hotel in Circular Quay, Sydney, into a hotel and residential complex. The anticipated profit from the project is expected to reach as much as 1 trillion KRW, making it a massive venture.
Industry experts are speculating that Mirae Asset Group's entry into this project marks the beginning of its full-fledged expansion into overseas real estate development. Since acquiring the hotel in 2013, Mirae Asset Group has also purchased a number of renowned hotels in locations such as the United States.
It is reported that Mirae Asset Group will offer VIP clients from its subsidiary, Mirae Asset Securities' Wealth Management (WM), an opportunity to invest in the Four Seasons redevelopment project.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
