ESR Kendall Square REIT Attains Capital Increase of KRW 442 billion

2021. 12. 21 · 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.

ESR Kendall Square REIT has successfully completed a capital increase of KRW 442 billion. This capital increase was successfully completed, minimizing the market burden through a block deal for institutional investors with a subscription rate of 97.2% and remaining volume of 2.8% through the allocation of old stockholders and general public offering of forfeited shares. 69.8 million new stocks will be listed on the KOSPI on December 28, 2021, through the REIT offering, and through this, ESR Kendall Square REIT has raised about KRW 442 billion. Through this, six additional assets will be added at the end of 2021, bringing a total of 18 of the newest prime logistics center […]

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Byungki Koh

Content Editor, Seoul Property Insight(SPI)

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