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Shinhan Alpha REITs Asset Sees KRW 400 billion Increase The appraised value of an office building owned by Shinhan Alpha REITs ahead of a capital increase was more than KRW 400 billion higher than the purchase price. The difference, excluding the purchase price, is similar to the current market cap. Currently, the REIT has seven assets: Pangyo Krafton Tower, Yongsan The Prime, Daeil Building, Twin City Namsan, Shinhan L Tower, Samsung Fire & Marine Yeoksam Building, and Seoul Station Wise Tower, all of which are office buildings. The total purchase price was KRW 1.76 trillion, and the appraised value was KRW 2.18 trillion. The asset with the largest increase was […]
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