2022-06-08
Arshexa is poised to start building a vast art storage facility at
Incheon International Airport
Arshexa is poised to start building a vast art storage facility at Incheon International Airport, with work starting in June or July. The facility will take up a 33,000 m©˜ site to the west of the airport and the gross floor area is about 83,000 m©˜. It can be used for exhibitions and auctions as well as storage of valuable artworks. The site will be leased for 30 years to Arshexa, which will invest W400 billion (US$1=W1,256) to build and run the facility that includes a state-of-the-art temperature and humidity control system as well as packing and restoration areas and top-range security. Arshexa CEO Song Moon-suk said Meritz Securities, Mastern Investment Management, and Shinhan Financial Group will finance the project, while Dongbu Engineering & Construction and POSCO Engineering & Construction will be the builders, and chemicals firm Sonid, Gallery Bisunjae, and Shinsung Safes supply the expertise.
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