Yeouido Hana Financial Investment Building, Public REIT Listing Next Year

Koramco Asset, May Next Year

Listing of Kokreb No. 30 REIT

Office-Specialized REIT Plan

Retail Investors Can Invest

Yeouido Building Accessible via Stock Trading

[Asia Economy Reporter Park So-yeon] The Hana Financial Investment Building in Yeouido will be incorporated as an asset of a public REIT (Real Estate Investment Trust) and listed next year. Once this REIT is listed like a regular company, retail investors will be able to invest in core office buildings in Yeouido through stock trading.

On the 14th, Koramco Asset Trust announced plans to list the ‘Kokreb No. 30’ REIT, which has the Hana Financial Investment Building as its core asset, in May next year.

A Koramco Asset Trust official said, "While restructuring capital, we promised new shareholders a listing in May next year," adding, "Considering the current situation, the listing date might be moved up slightly."

The official also stated, "Currently, this REIT holds only the Hana Financial Investment Building as an asset, but we are considering adding more assets from a growth perspective."

Koramco will soon apply for preliminary approval from the Ministry of Land, Infrastructure and Transport and proceed with the lead underwriting contract. The REIT listing process typically takes about nine months: approximately four months from preliminary approval application to AMC (Asset Management Company) establishment, about two months for business license approval and lead underwriting contract, and around three months until exchange listing.

Koramco plans to develop ‘Kokreb No. 30’ as an office-specialized REIT. A Koramco official said, "Overseas investors and institutional investors prefer REITs with a single characteristic rather than mixed assets," adding, "We plan to create a REIT with a unified theme of office buildings rather than attaching other properties like logistics centers."

The Hana Financial Investment Building, completed in 1994, is an office building with five basement floors and 23 above-ground floors, totaling a gross floor area of 69,826 square meters. It is located near Yeouido Station, a transfer station for subway lines 5 and 9, in the heart of the securities finance business district.

The major shareholder structure includes Pebblestone Asset Management Fund (Pebblestone Specialized Investment REIT Real Estate Investment Trust No. 1) as the largest single shareholder with a 38.28% stake. Other major shareholders include Hana Financial Investment (19.14%), Samsung Securities (9.57%), Koramco Asset Trust (9.09%), Koramco Blind Fund (9.57%), M Plus Fund 21-2 (9.57%), Hanwha Estate (2.87%), and Lasset (1.91%).

This content was produced with the assistance of AI translation services.