Hines, the global real estate investment, development, and property manager, today announced plans to develop and operate the ‘Global Quantum Complex’ in Busan, South Korea.
The mixed-use development will house the nation’s first quantum computing R&D hub, next-generation offices, and space for education, retail and residential offerings.
Totaling over 180,000sq m, the development is situated in the heart of Haeun-dae District, the urban live-work-play epicenter of Busan. Designed by renowned international architect Skidmore, Owings & Merrill (SOM), the 74-storey mixed-use tower will be one of Korea’s five tallest towers and include market-leading sustainability features to comply with South Korea’s 2030 carbon reduction goals.
“South Korea is an important growth market for Hines, and we are looking forward to partnering with the City of Busan as we continue to expand our business to innovative new sectors like quantum computing,” said Ray Lawler, chief executive officer, Asia Pacific at Hines. “As more global companies increase their interest and demand for it, they will now be able to look to Busan and this mixed-use development as their next location for the future.”
