SK REITs, Demand Forecast Competition Ratio 452 to 1... 73 Trillion Won Attracted

[Asia Economy Reporter Jang Hyowon] SK REITs (SK Trustee-Managed Real Estate Investment Company, CEO Shin Do-cheol) recorded a competition rate of 452 to 1 in the demand forecast conducted ahead of its listing, attracting over 73 trillion KRW in massive funds.

SK REITs announced on the 26th that as a result of conducting demand forecasting targeting domestic and foreign institutional investors over two days on the 23rd and 24th, a total of 7.35 trillion KRW was attracted for a public offering of 232.6 billion KRW, recording the highest-ever competition rate of 452 to 1 among large-scale public offering REITs exceeding 100 billion KRW.

In particular, as a sponsored REIT of the SK Group, SK REITs was evaluated as a REIT possessing both creditworthiness and stability, with 706 institutions from home and abroad participating in this demand forecast. A sponsored REIT is a REIT in which a trustworthy investor such as a large corporation or financial institution holds the largest stake.

An SK REITs official stated, “The lock-up commitment ratio is about 24% of the total volume, and as a sponsored REIT of the global company SK Group, it was recognized above all for its stability. The preemptive purchase negotiation rights for high-quality assets held by group companies and the industry's first quarterly dividends attracted investors' attention.”

SK REITs previously raised 155 billion KRW through a pre-IPO investment attraction in July, where major domestic large blind funds and other high-quality investors participated, resulting in fierce competition.

SK REITs is fundamentally structured to incorporate various sector assets. Currently, the parent REIT, SK REITs, holds 100% of the shares of the subsidiary REITs, including the Seorin Building and gas station subsidiary REIT (Clean Energy REIT).

Going forward, SK REITs plans to increase its assets focusing on real estate with stability and profitability, such as high-quality offices and data centers within the group. Through this, it aims to enhance operational efficiency and expertise and continuously incorporate internal and external assets related to growth industries within the group.

Shin Do-cheol, CEO of SK REITs, said, “When SK Group acquires real estate assets for new businesses in fields such as energy, ICT, semiconductors, and eco-friendly sectors, SK REITs will also participate. We will continuously incorporate core linked assets of SK Group such as data centers, logistics centers, and infrastructure to grow into a global top-tier complex REIT.”

Meanwhile, SK REITs will accept subscriptions from general investors for three days from August 30 to September 1 and will enter the KOSPI market in September. The lead underwriters are Samsung Securities and Korea Investment & Securities, with Hana Financial Investment as the underwriting company. SK Securities is the joint lead manager.

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