Shinhan Alpha REIT Acquires Yongsan Asterium in Co-Investment Structure Shinhan Alpha REIT has successfully acquired Yongsan Asterium with a co-invest structure. Five months after Shinhan Alpha REIT was selected as preferred bidder last year, MOU was signed with M Plus Asset Management to complete the deal. Shinhan Alpha REIT had planned to acquire Asterium with funds secured through the sale of Yongsan The Prime Tower, a portfolio asset, but the sale fell through, delaying the purchase of Asterium. This led Shinhan Alpha REIT to design a financing structure that combined its surplus funds with funds from an SME office blind fund established by Shinhan REITs Management last year. This allowed […]