BRIEF-Standard Chartered Private Equity announces real estate investment in Seoul

March 28 (Reuters) - Standard Chartered PLC

* Principal Finance Real Estate has led a real estate

investment, together with GS Retail to acquire a 5,853 sqm site

located in Insadong, Seoul

* $43.5 mln site is being acquired from Samsung Fire &

Marine, who will continue to participate in the project as a

finance provider

* site is slated for development into a mixed-use,

integrated retail and hotel complex

* construction of the project is scheduled to commence in

May 2017

* GS Retail is serving as the project’s development manager

and will continue to manage the retail component of the project

upon completion

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