The contours of Samsung’s new REIT are coming into view. Pre-IPO preparations have started for Samsung’s first listed REIT, Samsung FN REIT. Samsung FN REIT invests in office buildings such as S-1 Building and Daechi Tower, and will invest approximately KRW 380 billion of the total funding of KRW 750 billion, excluding senior loans (approximately KRW 350 billion) and deposits, which will be raised through the pre-IPO with institutional participation and the IPO with individual investor participation. Approximately KRW 265 billion will be raised through the pre-IPO. Samsung affiliates such as Samsung Life Insurance and Samsung Fire & Marine Insurance will invest about KRW 140 billion, and the remaining KRW […]