Bainbridge Investments Welcomes Guri City World Design Center Mayor Young Sun Park in Los Angeles
November 11th, 2014 1:30 P.M. Pacific Time
LOS ANGELES—Bainbridge Investments hosted an exclusive luncheon at the Intercontinental Los Angeles Century City at Beverly Hills yesterday. The event welcomed Guri City, South Korea Mayor Young Sun Park who has been a pioneer of economic development in Guri City. Mayor Park is bringing together top global talent in architecture, development, and design for the creation of Guri World Design Center which is intended to house convention centers, hotels, foreign schools, and permanent exhibitions and design expos, in addition to nearly 2,000 branch offices of world-renowned companies. It is projected to serve 60 to 70 percent of Asian demand for design.
Renowned architects, venture capitalists, and design experts gathered to discuss the visionary project, with opening remarks made by Mayor Park. Bainbridge Investments managing director, Nick Chini, also took the stage to introduce the foreign investment environment in Korea as well as GWDC investment opportunities.
Additionally, the exclusive luncheon featured Bill Smith, Former President of MGM’s Design Group and Bainbridge Investments Managing Partner. A world-renowned architect himself, Bill served as the President of development for CityCenter, a $9 billion mixed-use urban complex spanning 76 acres on the Las Vegas strip.
Guests also had the pleasure of meeting three-time Los Angeles Dodgers All-Star and World Series MVP Orel Hershiser, who shared his excitement for the GCWD project as General Partner of the Bainbridge Hershiser Fund—a real estate debt fund that utilizes investment capital to deploy into short term, low loan to value loans, across the United States.
NIAB Legal Advisor Sung Hwang, who specializes in business tax law involving real estate, private equity funds, hedge funds, and cross-border investments, also lent his expertise at the event.
Guri City World Design Center is set for completion in 2020.
For more information regarding GCWD or Bainbridge Investments events, please visit www.bainbridgeinvestments.com