About ESR KS REIT

About ESR KS REIT

Korea's
First Pure Play Logistics REIT

ESR KendallSquare REIT is Korea’s first pure-play logistics REIT first listed on Korea Exchange in December 2020.


As the leading logistics REIT in South Korea, it has continuously innovated and leads the industry with abundant experience and expertise in logistics center development and operations as well as the size of our assets under management. By continuously acquiring assets and exploring new opportunities for growth, it is committed to maximizing the returns for its investors.

Company name ESR Kendall Square REIT Co., Ltd.
Date of Establishment February 20, 2020
Location 35F Three IFC, 10 Gukjegeumyung-ro, Yeongdeungpo-gu, Seoul, Korea
Sponsor ESR Kendall Square Co., Ltd.
Asset management company Kendall Square REIT Management Inc. (a wholly-owned subsidiary of the sponsor)
Dividend payout term Every six month (Fiscal year ends twice a year, at the end of May and November)

Shareholders

The shareholder composition is as follows: CPP Investments that invests the assets of the Canada Pension Plan is the largest shareholder, holding a 24.85% stake as of the end of Nov 2023. CPP Investments is a wholly owned subsidiary of the Canada Pension Fund. More than 10% of the shares are also held by the sponsor, ESR KendallSquare, and its affiliates. Through the sponsor, we receive ongoing access to high-quality assets and are in charge of maintaining them.

(As of Nov. 30, 2023)

No. of total shares issued

213,089,000

  • CCP Investment Board24.85%

  • ESR KendallSquare REIT Holding Pte.Ltd.6.42%

  • ESR KendallSquare3.84%

  • KendallSquare REIT Management0.70%

  • Others64.19%

REIT Structure

ESR KendallSquare REIT is sponsored by ESR KendallSquare, a leading logistics real estate company under APAC’s largest real estate asset manager, ESR Group. This structure gives ESR KendallSquare REIT an advantage in acquiring high-quality new assets. In addition, ESR KendallSquare REIT is uniquely focused on developing its portfolio of domestic logistics centers, which sets it apart as one of the exceptional REITs in South Korea that focuses on this specific sector.

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Governance

Board of Directors


ESR Kendall Square REIT is a trustee-managed real estate investment trust that operates as a legal entity without full-time employees. In accordance with the Commercial Act and the "Real Estate Investment Company Act," it maintains an internal governance structure comprising a general meeting of shareholders and a board of directors. The board is composed of one internal director and four non-executive directors, with one female director, who constitutes 20% of the total board membership.

Name Position Major Career
Juhyun Cho Representative Director(Inside Director) Present) Konkuk University Real Estate Professor Emeritus
Minjoo Cho Non-executive Director Present) NIS Tech Co.,Ltd. Building Structural Engineering Group CEO
Chunwoong Choi Non-executive Director Present) Seoul National University, College of Engineering, Department of Architecture, Professor
Seho Ahn Non-executive Director Present) Attorney at Law Firm Lee & Ko
Hwang Sunho Non-executive Director Present) Korea Teachers’ Credit Union Investment Team Leader