The sale is an asset monetization initiative by Koramco Life Infrastructure REIT to restructure its existing portfolio and invest in new growth assets.
The properties for sale comprise eight fuel stations in Incheon and Gyeonggi Province, including Yongin Dunjeon Self-Service Gas Station; four in Daejeon and North Chungcheong Province, including Cheongju Gyodae Self-Service Gas Station; four in Daegu and North Gyeongsang Province, including Gyeongju Saehwarang Gas Station; and three in South Gyeongsang Province, including Changwon Geukdong Self-Service Station.
The locations vary, ranging from fuel stations along arterial roads in metropolitan industrial complexes to those in residential and commercial areas in provincial cities. Cushman & Wakefield Korea plans to identify buyers in two groups: end users who would operate the stations and developers or investors considering conversion to other uses or mixed-use development.
Original story Cushman Appointed Advisor for Sale of 19 Koramco Life Infrastructure REIT Gas Stations [Real Estate A to Z] - The Asia Business Daily
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