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

http://www.obsnews.co.kr/news/articleView.html?idxno=841658; October 14, 2014; http://obsw.co.kr

http://news.sbs.co.kr/news/endPage.do?news_id=N1002631908&plink=ORI&cooper=NAVER; October 14, 2014; http://news.sbs.co.kr

http://biz.chosun.com/site/data/html_dir/2014/10/14/2014101404592.html; October 15, 2014; http://biz.chosun.com

http://news.mk.co.kr/newsRead.php?year=2014&no=1311826; October 14, 2014; http://news.mk.co.kr

http://news.tvchosun.com/site/data/html_dir/2014/10/15/2014101590215.html; October 15, 2015;http://tvchosun.com

http://www.nocutnews.co.kr/news/4103807; October 15, 2015; http://www.nocutnews.co.kr

http://www.gukjenews.com/news/articleView.html?idxno=145373; October 15, 2014;http://www.gukjenews.com/

SAN DIEGO, Oct 15, 2014 – Bainbridge Investments has committed to raising $2 billion in capital for investment in the Guri World Design Center, an eco-friendly design hub development expected to accommodate 60 to 70 percent of Asian demand for design. The 1.7 million m² site 30 minutes from downtown Seoul in Guri City, South Korea is poised to be home to convention centers, hotels, foreign schools, and permanent exhibitions and design expos, in addition to nearly 2,000 branch offices of world-renowned companies.

The Guri World Design City is projected to generate $7 billion annually for the local economy, creating more than 110, 000 new jobs, and housing internationally recognized urban planning, architecture and interior design firms.

Despite the vast demand for hospitality design markets in Asia, there is no design center specific to hospitality expos, trade shows, and conferences, presenting a tremendous opportunity for investors. Guri World Design City stands to become an unprecedented model of the creative economy vision, pioneered by South Korean President Park Geun-hye. According to Guri City Mayor Young Sun Park development is to be completed in three separate phases.

“In phase 1 we plan to complete a design center, two hotels, foreigners’ living space… an international K- 12 School, and the design graduate school,” said Mayor Park in an interview with Asia-Pacific Business and Technology. “As for phase 2, this concerns the commercial area, and citizen apartments, an international hospital, a township for foreigners and private homes to be built by 2018. In phase 3, an amusement park and culture center are to be built by 2020.”

Bainbridge Investments is excited about the opportunity to contribute to the world-class development and plans to welcome Mayor Park at an exclusive luncheon for potential investors and media in Los Angeles next month.