- Kia to invest more than $70 million in new corporate campus
(SEOUL) April 6, 2005 -- Kia Motors America (KMA) has unveiled plans for a new 236,000 square-foot U.S. campus on 21.7-acres of newly acquired land in Irvine, Calif. The custom-built, campus-style facility in the Jamboree Business Center East area of Irvine represents an investment of more than $70 million from Kia.
Designed by Skidmore, Owings & Merrill LLP (SOM), Kia’s new home will house various business units, including sales, marketing, consumer affairs, technical service, product planning and administration.
According to Yong-Hwan Kim, Senior Executive Vice President & COO of Kia Motors Corporation, “This new project is yet further proof of our strong commitment to the North American Market. In addition, to the new $60 million proving ground that opened earlier this year in California City, California, we also held the grand opening ceremony for Kia Canada Incorporated’s brand new headquarters just last week. Based on bright long-term growth forecasts for the Kia brand in North America, we are always looking for ways to help us better serve our quickly expanding customer base in the region.”
“Kia continues to invest a tremendous level of resources in the U.S., and this new facility is designed to represent our growing presence in the market and provide an efficient and productive space for our growing company and a pleasant environment for our employees,” said Kia Motors America president and CEO Peter M. Butterfield.
“The City of Irvine has been Kia’s U.S. home since 1994, and we look forward to continuing our role as an active employer and business partner in the community,” he added.
Kia will break ground on the development project this summer, and plans to complete construction by December 2006. Kia currently occupies a 153,000 square-foot leased space in Irvine, Calif.
The modern structure employs dynamic glass and steel elements, including an all-glass “floating bridge” that connects two separate buildings, which are adjoined by a spacious 10,000 square-foot lobby with soaring 45-foot ceilings. Glass walls at the front and rear of the lobby rise vertically, evocative of traditional Korean gates, and create an open-air gathering place for employees and guests while providing picturesque views of the local Saddleback Mountains.
Additional design features include a 36,000 square-foot reflecting pool, an outdoor amphitheatre, an employee cafe and a fitness center. Unique window treatments and lush, terraced landscaped areas complement the design and draw inspiration from subtle Asian influences representing Kia’s Korean heritage.
Los Angeles-based commercial real estate services firm Studley conducted the site search, and its project management division has been selected to manage the development of the site.
Kia Motors Corporation (www.kiamotors.com) -- the fastest growing automaker in the world -- was founded in 1944 and is Korea’s oldest manufacturer of motor vehicles. As part of the Hyundai-Kia Automotive Group, Kia aims to become one of the world’s premier automotive brands. Kia’s 16 manufacturing and assembly operations in 11 countries produce more than 1.1 million vehicles a year that are sold and serviced through a network of distributors and dealers covering 155 countries. Kia today has 30,000 employees and annual revenues of $14 billion. It is the major sponsor of the Australian Tennis Open and an official worldwide sponsor of the Davis Cup. Kia Motors Corporation’s brand slogan -- “The Power to Surprise” -- represents the company’s global commitment to surpassing customer expectations through continuous automotive innovation.