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[Alpha Biz=(Chicago) Reporter Kim Jisun] Harim, which became the preferred bidder for the acquisition of the HMM by spending 6.4 trillion won, has won the right to create an urban high-tech logistics complex in Yangjae-dong, Seoul, worth 6.8 trillion won this time.
The Seoul Metropolitan Government held a logistics complex planning review committee at the Korea Cargo Terminal on the 26th and voted for a "conditional passage" of the urban high-tech logistics complex development project submitted by Harim Group.
Harim Group submitted a plan to create an urban high-tech logistics complex in November last year around 225, the site of the former cargo terminal in Yangjae-dong, through Harim Industrial, a subsidiary of Harim Holding Company. The size of the development project is 58 stories above ground and 8 stories below ground. The area of the site is 86,000 square meters.
Major conditions included measures to improve access to public transportation, including raising the sharing ratio of operators for external traffic improvement measures and preparing measures to improve access to ground-level parking lots.
The volume ratio of Yangjae high-tech logistics complex applied by Harim was set at 800% (30% for logistics facilities, 20% for upstream facilities, and 50% for support facilities). The main facilities included 20% of R&D space, 998 apartments, and 972 officetels.
The project, which was conditionally passed, is said to cost 6.8 trillion won for Harim Group's long-cherished project. Harim Group purchased the site for 452.5 billion won in 2016.
When completed in the future, logistics processing efficiency in the Seoul area is expected to improve significantly. Until now, the Seoul Metropolitan Government had relied on Gyeonggi Province for about 70 percent of the 1.85 million square meters needed for the logistics complex, but the establishment of the Yangjae logistics complex has secured about 440,000 square meters.
As Harim Industrial's plan conditionally passed the integrated review on the same day, if the action plan for the granted conditions is supplemented and received, the approval of the designation of the logistics complex will be announced by the end of January next year. Since then, construction is expected to begin in 2025 and be completed in 2029 after the Seocho District Office's construction approval process.
AlphaBIZ 김지선(stockmk2020@alphabiz.co.kr)
