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MAMAMOO’s label RBW draws attention from industry after purchasing $14 million building

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MAMAMOO’s label RBW is drawing consideration from the music trade after buying a $14 million constructing.

On Could 8, stories revealed RBW bought an 11-story constructing with 2 basement flooring in Jayang-dong, Seongdong-gu, Seoul for 17 billion Received ($13,929,295.10 USD). The label is claimed to be reworking the constructing to make use of as its future headquarters. 

Jeon Gye Woong, the crew chief of the Eight Constructing Actual Property Brokerage Company, acknowledged, “It is a spot the place there’s funding potential, comparable to adjustments in industrial districts and rising land costs as a result of favorable improvement of the location of the previous Dongu District Court docket. Because the annual yield is 4.5% generated, it is believed there will likely be plans to function not solely by hire but additionally for headquarters.”

RBW is house to MAMAMOO, ONEUSONEWE, and Vromance, they usually’ve additionally opened subsidiaries in Japan and Vietnam. 

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