South Korea's Homeplus has decided to cancel its planned $1.5 billion K-REIT listing, citing weak investor demand. The government has been trying to encourage companies to list REITs to attract investment in the commercial real estate sector, and there were hopes that Homeplus' listing would vitalize the country's emerging REIT market.
Homeplus backs out of planned $1.5B K-REIT listing
Sign up for Real Estate Investment SmartBrief
News about REITs and real estate investment
Get the intelligence you need: news and information that is changing your industry today, hand-curated by our professional editors from thousands of sources and delivered straight to your inbox.