LOCATIONSouth KoreaPORTFOLIO VALUATIONKRW 600.0 bn (October 2018, appraisal value)GROSS RENTABLE AREAApprox. 1.21 million sq ftTOTAL OCCUPANCY95.20%As at 31 December 2019
Anthony KangCEO, ARA Koreaanthonykang@ara-group.com


ARA-Alpharium REIT is managed by ARA Korea, a subsidiary of ARA incorporated in South Korea. Its portfolio comprises two inter-connected Grade-A office buildings with limited retail use completed in November 2015. 

The office portion is entirely leased to Samsung C&T until 2021 and the retail portion is leased to notable retail brands such as Electromart (a subsidiary of Shinsegae Group), Starbucks and KB Bank.

The REIT is unlisted and funded by various institutional investors in Korea.