
KORAMCO The One REIT Cancels New Acquisition Due to Financial Market Insecurity
Withdrawal from A Plus Asset Tower Share Takeover
2022. 11. 01 · Byungki Koh
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Providing Up-to-date news and contents of Korean commercial real estate market including investment, REITs and market players.
As uncertainty in the financial market grows, the incorporation of new assets into listed REITs is slowing. As interest rates continued to rise this year and stock prices fell sharply, incorporation of new assets by listed REITs has come to a halt. ESR Kendall Square REIT and Mirae Asset Global REIT both cancelled their plans to incorporate new assets, and SK REIT, which is currently pursuing the incorporation of Jongno Tower, is experiencing difficulty raising funds. KORAMCO The One REIT which was listed on the stock market in March announced on October 17 that it would cancel its incorporation of all new assets. Back in September, there was already another […]
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Content Editor, Seoul Property Insight(SPI)
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