Samsung FN REIT Decides to Acquire A-One Tower Dangsan for KRW 163 Billion, 18.82% of Total Assets to Expand Rental Income
Samsung FN REIT decided on July 7, 2026 via board resolution to acquire A-One Tower Dangsan in Yeongdeungpo-gu, Seoul for KRW 163 billion in cash.
The acquired asset spans approximately 27,992 sqm of office and neighborhood living facilities, currently leased to Samsung affiliates and others, aiming to generate rental income.
The purchase price is 0.003% below the external appraisal of KRW 163.5 billion from Seongji Accounting Corp, deemed appropriate, representing 18.82% of total assets.
The counterparty NH No.3 Trust Management REIT is not a related party, and the acquisition is fully cash-funded with no new share issuance, thus no dilution for shareholders.
The property's estimated annual net operating income NOI is around KRW 6.9 billion, contributing to stable rental revenue.
[AI Summary]Samsung FN REIT pursues rental income expansion by acquiring a large property equivalent to 18.82% of total assets in cash. The transaction is priced fairly relative to appraisal and avoids shareholder dilution since no new shares are issued. Stable income is expected from mostly Samsung-affiliated tenants, but potential debt increase warrants monitoring.