Shinsegae to turn gas stations into commercial complexes

shinsegae to turn gas stations into commercial complexes

Sumary of Shinsegae to turn gas stations into commercial complexes:

  • The plan is to transform gas stations owned by the real estate investment trust into what it described as “new distribution bases in urban areas that incorporate commercial facilities with distribution.
  • Koramco Energy Plus REITs, which is listed on the Korea Composite Stock Price Index, operates 170 gas stations in cities across the country and boasts an annual return of 6 percent for investors, the company said.

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