Company overview
| Name of the Company | - LOTTE REIT |
|---|---|
| Share capital | - 42.9 billion Korean Won (as of August 23, 2019) |
| Key milestones |
- March 29, 2019: Establishment of the Company - May 14, 2019:Business approval granted from the Ministry of Land, Infrastructure and Transportation - May 30, 2019:Acquisition of Gangnam Department Store through investment in kind; Signed lease agreement on Gangnam Department Store (Anchor tenant: LOTTE Shopping) - July 5, 2019:Obtained credit rating on the secured bond from Korea Investors Service, Inc. (AA- stable) - July 10, 2019:Obtained credit rating on the secured bond from NICE Investors Service Co., Ltd. (AA- stable) - July 26, 2019:Book-building on the secured bond: order book with 4.4 times oversubscription - July 31, 2019:Successfully issued 170 billion Korean Won principal amount of secured bond |
| Shareholding structure |
- Controlling shareholder: LOTTE Shopping - Ownership of LOTTE Shopping: 100% (based on the total number of shares outstanding of 85,984,442 as of August 23, 2019) |
