There are significant changes in the REITs utilization strategies of mega retailers Lotte and Shinsegae. Both initially pursued a strategy of growing listed REITs centered around retail assets. In October 2019, Lotte REIT was listed on the securities market, initially focusing on retail assets such as department stores, shopping malls, and supermarkets. Similarly, Shinsegae’s recent strategy for listed REITs has centered around Shinsegae Star REIT, which is based on Starfield. However, while investment sentiment in the retail sector has not easily recovered due to the growth of e-commerce and the slowdown in consumption, investment sentiment in the hotel sector is reviving due to the recent increase in foreign […]