South Korean hypermarket chain Homeplus is considering establishing a real-estate investment trust (REIT) and listing it this year.

According to Deal Street Asia, the REIT could acquire around 40 Homeplus hypermarkets in South Korea, sources say. The appraised real-estate value of the hypermarkets under consideration is estimated to be about KRW4 trillion won (US$3.7 billion), and the total listing size could exceed KRW2 trillion, the Korea Economic Daily reported on Thursday.

Homeplus, South Korea’s second-largest hypermarket chain with 142 stores, has declined to comment. Private equity firm MBK Partners bought Homeplus from Tesco for $6.1 billion in 2015.