Shinhan Alpha Namsan REIT Co., Ltd. announced a private placement of 12,920,000 common shares at an issue price of KRW 5,000 per share for proceeds of KRW 64,600,000,000 and 1,000,000 kind shares at an issue price of KRW 20,000 per share for proceeds of KRW 20,000,000,000 for total gross proceeds of KRW 84,600,000,000 on April 27, 2021. The transaction include participation from returning investor Shinhan Alpha REIT Co., Ltd. (KOSE:A293940). The transaction is expected to close on April 29, 2021. The transaction was approved by the board of directors. The securities will be issued on third party allotment basis.