ESR Kendall Square Asset No.2 REIT Co.,Ltd. announced that it will issue 9,000,000 common shares at a price of KRW 5,000 per share for gross proceeds of KRW 45,000,000,000 on April 24, 2023. 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 9, 2023.

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