ESR Kendall Square Asset No.1 REIT Co., Ltd. announced a placement of 600,000 common shares at an issue price of KRW 50,000 per share for gross proceeds of KRW 30,000,000,000 on November 20, 2023. The transaction will include participation from returning investor, ESR Kendall Square REIT Co., Ltd. The method of capital increase is through shareholder allocation. The expected date of payment is December 5, 2023.

The transaction has been approved by board of directors of the company.