LOCATIONSouth KoreaGROSS RENTABLE AREAApprox. 221,543 sq ftTOTAL OCCUPANCY97.5% (SY 1), 84.1% (SY 2)As at 31 December 2019
Anthony KangCEO, ARA Koreaanthonykang@ara-group.com


ARA-ShinYoung REITs are the third and fourth privately-held REITs managed by ARA Korea, a subsidiary of ARA incorporated in South Korea. Unlike the first two privately-held Korean REITs which are mostly invested in core office properties in Seoul, ARA-ShinYoung REITs are focused on residential assets.

Launched in partnership with ShinYoung Co., Ltd., an experienced residential property developer and operator in Korea, the REITs have completed investment in two residential development projects in Seoul. Estimated total development cost is approximately KRW 95 billion.