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[Alpha Biz= Reporter Kim Jisun] SK Reits to Accelerate Sale of 31 Gas Stations, Cushman & Wakefield Selected as Advisor
SK Reits is expected to accelerate the sale of 31 SK gas stations it owns. Cushman & Wakefield Korea, recently appointed as the advisor for GS Caltex's gas station sale, has also been selected as the advisor for this transaction.
On August 7, SK Reits announced that its investment committee chose Cushman & Wakefield as the advisor for the sale of 31 gas stations. SK Reits has reportedly sent Requests for Proposals (RFPs) to eight firms. Active market marketing is expected in the second half of this year, with a competitive bidding process anticipated to finalize the sale.
SK Reits, with a total asset value of 4.2 trillion won on a consolidated basis, holds about 780 billion won worth of 114 SK Energy gas stations through its subsidiary, Jarits. The sale process has begun for 31 of these stations, which have a book value of approximately 120 billion won. The 31 stations include nine in the metropolitan area and 22 in non-metropolitan areas.
AlphaBIZ Kim Jisun(stockmk2020@alphabiz.co.kr)
