Kolon Global (KRX:003070) won a contract for the Gunpo 3 District redevelopment project, according to a Tuesday filing with the Korea Exchange.
Korea Trust awarded the 164.4 billion won contract, the filing said.
The project involves the construction of 501 apartment units and auxiliary welfare facilities in the area around 738 Dang-dong, Gunpo-si, Gyeonggi-do.
The construction period is 35 months from the actual commencement date of construction.
Shares of the company fell 1% in recent trade.