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An announcement from Industrial & Infrastructure Fund Investment Corporation ( (JP:3249) ) is now available.
IIF has announced the sale of its Kamata R&D Center property to Mitsubishi Corporation Urban Development, Inc. for 10,000 million yen, significantly above its book and appraisal values. The decision to sell was driven by the property’s age, anticipated capital expenditures, and potential profitability decline, with plans to return gains to unitholders and use proceeds for debt repayment and future acquisitions.
The most recent analyst rating on (JP:3249) stock is a Buy with a Yen130169.00 price target. To see the full list of analyst forecasts on Industrial & Infrastructure Fund Investment Corporation stock, see the JP:3249 Stock Forecast page.
More about Industrial & Infrastructure Fund Investment Corporation
Industrial & Infrastructure Fund Investment Corporation (IIF) operates in the real estate investment sector, focusing on industrial and infrastructure properties. It aims to maximize unitholder value through internal growth, asset dispositions, and external growth strategies.
Average Trading Volume: 7,904
Technical Sentiment Signal: Buy
Current Market Cap: Yen327.7B
For detailed information about 3249 stock, go to TipRanks’ Stock Analysis page.