Mirae Asset Group is planning to redevelop the Four Seasons Hotel in Sydney, Australia into a hotel and residence complex, marking its first overseas development since acquiring the property in 2013. This venture is expected to yield profits of up to 1 trillion won and is significant as it is the first time a domestic financial institution has taken on a billion-dollar project overseas. The redevelopment will utilize the remaining floor area ratio to potentially add more residences, and Mirae Asset plans to offer its major VIP clients the opportunity to co-invest in the project.
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Auto-posted at: 2025-04-02 21:05:06