The construction firm said Thursday that it has commissioned property consulting firms to analyze the profitability of various options for its building, including an outright sale, self-development, and sale-and-leaseback arrangements.
Lotte Construction has its head office in the building since 1980. Valued at approximately 500 billion won, the property is considered attractive to developers and asset management firms due to its potential for residential development.
The company is also reviewing the sale of warehouse assets in the Seoul metropolitan area and its stake in a rental housing REIT. If all assets are divested, the total liquidity generated could reach 1 trillion won.
The move aligns with Lotte Group’s broader strategy to streamline operations by divesting non-core businesses and assets following liquidity challenges that emerged late last year.
“We are considering the sale of our headquarters building and have nearly finalized decisions on selling our other assets,” a Lotte Construction official said. “This assessment is not driven by an urgent need for liquidity, but rather by our belief that it is prudent to consider asset sales while the company remains in a stable position.”
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