Lotte Asset Development Transfers Asset Management and Shared Office Business to Lotte Property & Development

[Asia Economy Reporter Lim Hye-seon] Lotte Asset Development announced on the 28th that it will transfer 8 asset management service projects and 1 shared office point to Lotte Property & Development to enhance business efficiency. The transfer date is February 1 of next year, and the transfer price is 7.686 billion KRW. On the same day, it will also transfer residential operation business sites to Lotte Construction. The transfer price is approximately 600 million KRW. Previously, on the 24th, Asset Development announced that it would transfer the shopping mall business to Lotte Shopping. The transfer price is 28 billion KRW.