Plans in Motion for Hanhwa REIT

2022. 07. 20 · Byungki Koh

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Providing Up-to-date news and contents of Korean commercial real estate market including investment, REITs and market players.

Hanwha Group has started preparations for listing ‘Hanwha REIT(Hanwha Consignment Management Real Estate Investment Company)’, with plans to listing the REIT with KB Securities as representative. Hanwha Group has enjoyed longest and deepest relationship with REITs among domestic conglomerates. In fact, Hanwha planned to establish a REITs AMC and CR REIT in the early 2000s. In September 2001, to raise investment funds for new businesses and to improve their financial structure via drastic restructuring after the IMF financial crisis, the Hanwha buildings in Janggyo-dong and Sogong-dong along with the Apgujeong and Suwon branches of Galleria Department Store were combined in an attempt to liquidated them into a REIT worth around […]

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Byungki Koh

Content Editor, Seoul Property Insight(SPI)

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