Macquarie lists Korean Reit

ItÆs Korea''s first Reit by a wholly foreign owned manager

Korea's fledgling real estate investment trust Reit industry took another step forward yesterday with the $73 million IPO of Macquarie Central Office Corporate Restructuring REIT MCO CR-REIT on the Korean Stock Exchange.

This represents Korea's seventh CR-REIT since the government legislation enabling REITs was enacted two years ago. It is however, the first one to be issued by a wholly foreign owned manager.

The retail portion of the transaction was 2.25 times oversubscribed,...

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