LOTTE REIT

Company Overview

Key Milestones

2019.3.29
Establishment of the Company
2019.5.14
Business approval granted from the Ministry of Land,
Infrastructure and Transportation
2019.5.30
Acquisition of Gangnam Department Store through
investment in kind; Signed lease agreement on
Gangnam Department Store
(Anchor tenant: LOTTE Shopping)
2019.5.30
Investment in kind (Equity 38 billion Korean won)
2019.10.16
Purchased Lotte Department Store (Guri branch,
Gwangju branch, Changwon branch),
Lotte Hypermarket(Euiwang branch,Jangyu branch),
Lotte Outlet & Hypermarket(Yoolha branch, Chungjoo
branch) and started Master Lease agreements.
2019.10.16
Initial Public Offering (Equity 86 billion Korean won)
2019.10.30
Became listed in the securities market
2021.3.17
Rights Issue (Equity 121.5 billion Korean won)
2021.3.17
Purchased Lotte Department Store (Ansan Branch,
Jungdong Branch), Lotte Mart (Gyeyang Branch,
Chuncheon Branch), Lotte Premium Outlet (Icheon
Branch), Gimpo Logistics Center of Lotte Mart Mall and
started the Master Lease Contract
2021.12.15
Purchased Lotte Mart Gyeonggi Yangpyeong Branch
and started Master Lease agreement
2022.9.26
Change of Asset Custodian (Securities and cash :
Woori Bank, Real Estate : Daehan Real Estate Trust)
2024.05.21
Acquisition of preferred stock(Koramco the1 gangnam no.1 Reit, 1,400,000 shares)
2024.09.30
Purchased L7 HOTELS GANGNAM TOWER and started the Lease Contract
2024.11.31
Rights Issue (Equity 144.5 billion Korean won)

Share Capital (As of Dec .31, 2024)

121.5 billion won

Shareholder Status (As of Dec .31, 2024)

  • The Largest Shareholder : LOTTE Shopping
  • Share Ratio : 42.0% (121.484,442 million shares)

Governance and Business Consignment

LOTTE REIT has shareholders’ meetings and board of directors as the highest decision-making bodies under the Real Estate Investment Company Act and Commercial Act.The Asset Management Company, Asset Custodian and Business Trustee are all committed to transparent management based on the rights and responsibilities stipulated by the related laws.
  • Retain and manage real estate, stocks and cash
  • Engage in dissolution (liquidation)-related work
  • Established LOTTE REIT/Obtain approval on business and change of plan from the Ministry of Land, Infrastructure and Transport
  • Manage asset deals/Recruit investors/Operate invested properties
  • Engage in company work concerning operation, calculation and taxation
  • Make notices and disclosures in conformity with applicable laws and the articles of incorporation

Management Structure

List of Properties

  • TRANCHE A

    • LOTTE Department Store Changwon Branch
    • LOTTE Mart Uiwang Branch
    • LOTTE Mart Jangyu Branch

  • TRANCHE B

    • LOTTE Department Store Guri Branch
    • LOTTE Mart/Outlet (West)Cheongju Branch
    • LOTTE Mart/Outlet Daegu Yulha Branch

  • TRANCHE C

    • LOTTE Department Store Gangnam Branch
    • LOTTE Department Store Gwangju Branch

  • TRANCHE D

    • LOTTE Department Store Jungdong Branch
    • LOTTE Department Store Ansan Branch
    • LOTTE Mart Gyeyang Branch
    • LOTTE Mart Gyeonggi Yangpyeong Branch

  • TRANCHE E

    • LOTTE Premium Outlet Icheon Branch
    • LOTTE Mart Chuncheon Branch

  • TRANCHE F

    • LOTTE Mart Mall Gimpo Logistics Center
    • L7 GANGNAM
    • DF TOWER
      (preferred stock)

About LOTTE AMC

100% invested by LOTTE Corporation, LOTTE AMC was established in March 2019 as an asset management company, and engages in the investments and operations of the real estate that is consigned by REITs firms under the Real Estate Trusts Act.

To LOTTE AMC
Name of Company CEO Date of Establishment Share Capital Main Shareholders
LOTTE AMC KIM SO YON March 2019 10 billion won 100% Owned by LOTTE Corporation
Name of company LOTTE AMC
CEO KIM SO YON
Date of establishment March 2019
Share Capital 10 billion won
Main shareholders 100% Owned by LOTTE Corporation