Capstone Asset Management has completed the refinancing of five assets, including Lotte Department Store and Lotte Mart located in Busan, Pohang, Cheonan, and Gunsan, and extended the fund maturity by 3 years. Capstone previously acquired a total of five assets, including Lotte Department Store Busan Dongrae and Pohang, Lotte Mart Dongrae, and Cheonan Seongjeong , and Gunsan, all from Lotte Shopping, in 2014 for approximately KRW 500 billion. Lotte Mart has been operating its stores under a sales and leaseback agreement after selling its assets to Capstone.     A sale was pursued last year but it fell through due to a downturn in the development market, among […]