ESR Kendall Square Asset No.2 REIT Co.,Ltd. announced that it will issue 2,000,000 common shares at an issue price of KRW 5,000 and at a par value of KRW 1,000 for gross proceeds of KRW 10,000,000,000 on May 27, 2022. The transaction includes participation form existing investor ESR Kendall Square REIT Co., Ltd to retain its 100% stake in the company. The transaction is expected to close on May 30, 2022.

The transaction was approved by the board of directors of ESR Kendall Square REIT Co., Ltd.