Landmark Development Changes Company Name to 'Hanmi Global D&I'

[Asia Economy Reporter Tae-min Ryu] HanmiGlobal, a construction project management (PM) specialist company, announced on the 7th that it will change the name of its real estate development subsidiary Landmark Development (LMD) to ‘HanmiGlobal D&I’ and embark on full-scale activities as a real estate company. The company plans to diversify its business model by expanding its business areas from existing real estate development projects to real estate investment and related financial sectors.

Established in 2003, HanmiGlobal D&I, part of the group, has supplied commercial buildings, offices, officetels, and housing to the market through engineering-based development projects. The small housing brand ‘Maestro,’ including Bangbae Maestro, is representative.

Recently, it has been supplying various types of housing aligned with government policies to solve housing problems for the younger generation, such as station-area 2030 youth housing, and to realize youth welfare. It is also making efforts to prepare for the aging era and realize elderly welfare through the development of senior welfare housing. In the future, it plans to enter large-scale industries such as various public offering projects, as well as create new products combining real estate development and finance.

Additionally, HanmiGlobal D&I is promoting the establishment of a REITs (Real Estate Investment Trusts) asset management company to diversify development business strategies together with its parent company HanmiGlobal, and after obtaining approval, it plans to secure asset management experts such as financial specialists and investment analysts.

Kim Geun-bae, CEO of HanmiGlobal D&I, said, “Based on the experience and technology accumulated so far and HanmiGlobal Group’s design, construction, and construction project management capabilities, we will lead the company’s sustainable growth through real estate investment and finance-related businesses beyond real estate development.”