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Highlights

LAST DEPTH

Highlights of KB STAR REIT

KB Star REIT

  • KB Financial Group’s first listed REIT through public offering

    KB STAR REIT is the first publicly listed REIT by KB Financial Group

  • Leveraging KB Financial Group’s Network

    KB STAR REIT will collaborate with KB Financial Group and global AMCs

  • Incorporate local/global prime assets

    KB STAR REIT will continuously endeavor to identify attractive assets backed by premier tenants

No.1 leading financial group in Korea KB Financial Group - Participation of affiliates as anchor investors, Leading in asset management, Leveraging broad global network
Stability

Stable office assets supported by premier tenants with long-term lease with 0% vacancy rate

  • Regie des Batiments

    Asset
    North Galaxy Towers(NGT)
    Credit ratings
    AA (S&P)
    Leasing period
    December 2004~November 2031(27 years)
    Early termination clause
    None

  • Samsung Electronics UK Ltd.

    Asset
    Samsung Europe HQ
    Credit ratings
    AA- (S&P)
    Leasing period
    December 2019~December 2039(20 years)
    Early termination clause
    After December 2034

  • Citibank Korea

    Asset
    Citibank Center(CBC)
    Credit ratings
    AAA(NICE Rating)
    Leasing period
    July 2005~February 2029(24 years)
    Early termination clause
    After December 2025(up to 5 floors)

KB STAR REIT links inflation to rent,
and dividends are expected to increase due to value-add strategy and disposal profits

  • North Galaxy Towers

    Rent for NGT is linked to the increase of the Belgian CPI(Health Index) annually

  • Samsung Europe HQ

    Rent for Samsung Europe HQ reflects the annual Retail Price Index(RPI) increase of the UK on an accumulative basis for every 5 years accordingly

  • Citibank Center

    Potential for value-add utilizing the remaining Floor Area Ratio(FAR)
    Preferred stock shareholders(KB STAR REIT) receive 45% of the disposal profit as dividends