According to the industry, SK REITs Management, an asset management affiliate of SK Group, has decided to exercise its priority purchase right (call option) of Jongno Tower, which is in the process of selling it today (7th).
Earlier, the current owner, KB Asset Management, reportedly held a bid for the sale of the Jongno Tower to select a preliminary candidate for the acquisition, and later received an answer that it would exercise its rights after inquiring SK REITs Management, which has a preferential purchase right to select a preferred bidder.
Currently, the acquisition price of Jongno Tower is estimated to be between 600 billion won and 700 billion won. When acquiring Jongno Tower, SK REITs Management's assets are expected to increase to around 3 trillion won.
SK said, "SK REITs Management has decided to exercise its preferred purchase right for Jongno Tower," adding, "However, the timing and method of the purchase have yet to be decided."
Meanwhile, Jongno Tower was built by Samsung Life Insurance on the site of the former Hwashin Department Store in 1999, and three pillars supported the top of the building away from the bottom of the building.
Reporter Lee Ji-sun stockmk2020@infostock.co.kr
