T&D Investment Management Receives Final Approval as a REIT AMC [fn Market Watch]

[Financial News] Seobu T&D Co., Ltd.'s subsidiary, T&D Investment Management Co., Ltd., has received final approval from the Ministry of Land, Infrastructure and Transport to establish a real estate investment company (REIT) asset management company (AMC) and has officially launched as a REIT AMC.
According to investment banking (IB) industry sources on the 2nd, T&D Investment Management received final approval from the Ministry of Land, Infrastructure and Transport to establish a REIT AMC on the 20th of last month. After receiving preliminary approval on June 29 and undergoing an on-site inspection of its physical facilities, it obtained formal approval about four months later. On the 28th of last month, T&D Investment Management held an opening ceremony at Seoul Dragon City Hotel in Yongsan District, Seoul, attended by Seung Man-ho, chairman of Seobu T&D, guests from the group, executives and employees, to mark its launch.
T&D Investment Management is a REIT AMC established with 100% investment from Seobu T&D. Its headquarters are in THE ZONE Eulji Tower in Euljiro, Seoul. The company plans to combine the group's real estate expertise, built through the development and operation of Square One in Incheon and Seoul Dragon City in Yongsan, as well as the listing of Seobu T&D REIT, with financial expertise to create an integrated investment and asset-management platform spanning asset sourcing, investment structuring, development, management and exit.
Following the formation of a management team led by CEO Kim Min-su and Executive Director Woo Jae-yoon, T&D Investment Management strengthened its hands-on investment and asset-management capabilities with the September arrival of General Manager Shin Seon-ho, formerly of Mastern Investment Management. The company plans to hire two more specialists by the end of the year and step up its business activities, including launching new REITs and adding assets to its portfolio.
T&D Investment Management plans to establish its initial REIT business on a stable footing while drawing on the group's experience in hotel and commercial real estate development to explore opportunities in hotel development and investment in physical real estate. It is also considering digital infrastructure development projects, including edge data centers, focusing on sites in the Seoul metropolitan area where power can be secured. The company plans to set a more concrete timeline after considering the project structure, conditions for investor participation and other factors. It also plans to expand collaboration with external investors and business partners beyond the group's own assets.
Seung Man-ho, chairman of Seobu T&D, said, “Only when finance and development come together can large-scale projects be led forward steadily, and T&D Investment Management was created precisely for that role.” He urged the company to “make trust your lifeblood, as you are entrusted with managing investors’ money.”
Kim Min-su, CEO of T&D Investment Management, said, “This final approval is significant because it marks a starting point for new growth, adding specialized financial capabilities to Seobu T&D’s real estate development and operating expertise.” He added, “We will gradually expand our team of specialists, establish the REIT business on a stable footing, and grow into a competitive asset manager that connects real estate development and finance.” He also said, “With thorough risk management and transparent internal controls, we will become an asset manager trusted by investors.”
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