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CEO Oh Nam-soo told an investor meeting on the 18th at the Korea Listed Companies Association building in Mapo, Seoul, that the REIT will extend the lease on Belgium's Financial Tower, refinance against that contract to repay the existing lender syndicate, and sell US assets to restore normal operations. The plan reprices the REIT as a refinancing-execution story rather than a stable dividend vehicle: failed funding and the loss of the UK litigation raise the risk of distribution cuts, and shareholders are demanding board resignations plus cost-sharing on legal expenses by the asset manager, which pressures sentiment across listed K-REITs exposed to offshore commercial property. The confirmation point is a signed lease extension and disclosed refinancing terms, including the spread over the previous facility; without them, asset sales at distressed pricing become the default path and equity downside widens.
As a Market signal, watch whether it changes price action, volatility, or flows around 348950.
Original Source: 연합인포맥스
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