DL E&C opens ‘Acro Seongsu’ promotional center in Seongsu District 2

DL E&C announced on the 10th that it opened an official promotional center for 'ACRO SEONGSU', proposed for the redevelopment project of District 2 of the Seongsu Strategic Development Area in Seongdong-gu, near Apgujeong Station in Gangnam-gu, Seoul.

The company explained that the promotional center is operated for union members and allows them to experience the differentiated design, landscaping, community, and business conditions presented by Acro Seongsu through video viewing, model zone, and view experience zone.

Previously, DL E&C submitted its sole bid to select a construction company for Seongsu District 2 and qualified as a preferred bidder.

The union will make the final decision on whether to select DL E&C as the construction company at the general meeting on the 21st of this month.

DL E&C presented conditions such as CD+0% interest rate for the entire cooperative project cost, 100% financing of the housing loan ratio (LTV) for moving expenses, deferral of member contributions for up to 4 years after moving in, 40 billion won of construction cost inflation burden on the construction company, confirmed construction cost after actual start of construction, and 100% property acquisition in case of unsold units.

Acro Seongsu will be built with 9 buildings with 6 floors underground and 62 floors above ground, with 2,350 households, and the total construction cost is 2.0137 trillion won.