Mirae Asset Global REITs to Open IPO Subscription from 22 to 24... Will It Continue the Success of Demand Forecast?

[Asia Economy Reporter Hyungsoo Park] Mirae Asset Global REIT recorded the highest ever demand ratio for a public REIT in the demand forecasting.

Mirae Asset Global REIT, managed by Mirae Asset Asset Management, conducted demand forecasting targeting domestic and foreign institutional investors for three days from the 15th to the 17th, recording a final demand ratio of 1019.58 to 1.

A total of 1,106 domestic and foreign institutions participated in the demand forecasting, applying for a total of 9,188,439,000 shares. The total order size reached KRW 46.3562 trillion.

Representatives from Mirae Asset and KB Securities, who underwrote the public offering, said, "Many institutions participating in the demand forecasting seem to highly evaluate Mirae Asset Global REIT's asset portfolio, high dividend yield, and growth potential through future additional asset incorporations." They added, "In the recent volatile market, REITs, which are stable dividend stocks, are gaining attention."

Mirae Asset Global REIT is a perpetual listed REIT investing in real estate such as logistics centers, data centers, and offices located in key regions of major developed countries including the United States and Western Europe. It currently holds as underlying assets logistics centers leased for over 10 years with 100% leased area, including ▲Amazon Houston ▲FedEx Tampa ▲FedEx Indianapolis logistics centers.

Jun Tae Park, Head of Mirae Asset Asset Management, said, "Many institutional investors highly evaluate Mirae Asset Global REIT's profitability, stability, and growth potential," adding, "We will do our best to enhance intrinsic value by incorporating high-quality new assets even after listing."

Mirae Asset Global REIT will conduct subscription for general investors for three days from the 22nd to the 24th. It will enter the KOSPI market early next month. The lead underwriters are Mirae Asset Securities and KB Securities, with NH Investment & Securities participating as a co-underwriter.

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