Portfolio

SK Hynix integrated Water Treatment Center

First REITs listed in Korea to
invest in industrial facilities

  • Water Treatment Center is a legal prerequisite for operation of SK Hynix's semiconductor plant in Icheon
  • State-of-the-art facilities consisting of a total of five buildings completed based on world-class technology and capital raising capabilities
  • High-yielding asset with a high capital rate of 7.3% and excellent cash flow generation
  • The slavage value is expected to be maintained above the current level, and it is a versatile asset with high utilization of other industries
W11
Low temperature building
W12A
W12B
overview
Address 1-17, Gajwa-ri, Bubal-eup, Icheon-si, Gyeonggi-do (and other locations)
Total floor area
(building area)		 146,713.61㎡ (44,380.87pyeong)
Year of completion 2016 and later
Building summary W10 W11 W12A
(extension of W11) 		W12B Low temperature building
Date of approval June 03, 2016 December 21, 2017 August 11, 2022 November 06, 2022
Building area 6,275.49㎡ (1,898.34pyeong) 11,703,65㎡ (3,540.35pyeong) 6,810.37㎡ (2,060.14pyeong) 2,350.82㎡ (711.12pyeong)
Total floor area 29,580.32㎡ (8,948.05 pyeong) 46,057.55㎡ (13,932.41pyeong) 26,087.86㎡ (7,891.58pyeong) 38,865.01㎡ (11,756.67pyeong) 6,122.87㎡ (1,852.17pyeong)
No. of floors / height 2 underground floors ~ 6 above ground floors (35.7m) 2 underground floors ~ 8 above
ground floors (56.09m)		 9 above ground floors (68.16m) 2 underground floors ~ 2 above ground floors (19.45m)
Structure Reinforced concrete Precast concrete Precast concrete Reinforced concrete
Master tenant SK Hynix
Purchase price KRW 1,120.3 billion (Sep. 25, 2023)
Estimated value of real estate KRW 1,164.6 billion (Jun. 30, 2024, Kyungil Appraisal Corporation)

Location

Lease status

  • Subject Asset Water Treatment Center
  • Tenant* SK Hynix
  • Lease Term 10years
  • Rent Increase Rate** Based on the previous year’s CPI increase in Gyeonggi-do
  • Lease Deposit Monthly rent x 24 months
  • Management cost payment*** Triple Net

  • *100% Master Lease

    **Linked to the previous year’s CPI increase. However, lower limit to annual rate of increase is 2.0% and upper limit is 5.0%.

    ***Building management fees, taxes, insurance, and CAPEX are borne by the lessee.

About
Tenants

sk하이닉스 Global top-tier company that contributes to humanity and society through technology

SK Hynix provides greater value to its stakeholders, such as customers, cooperative companies, regional communities, members, etc., through global tech leadership. Additionally, it makes efforts to become a solution-provider that leads the global ICT ecosystem through hyper-cooperation that breaks the initial mold with global partners.

  • Total assets KRW 100.3 trillion
  • Sales KRW 32.8 trillion
  • Operating income KRW -7.7 trillion
  • Credit Rating AA

(As of Dec. 31, 2023, Consolidation basis)

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