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Kasumigaseki Capital Co., Ltd. ( (JP:3498) ) has shared an announcement.
Kasumigaseki Capital Co., Ltd. announced the approval of listing investment units of its subsidiary, Kasumigaseki Hotel REIT Investment Corporation, on the Tokyo Stock Exchange Real Estate Investment Trust Securities Market. This marks the first developer-related listed REIT in Japan specializing in hotels, aiming to leverage KC’s development and operational capabilities to address the domestic hotel market’s supply gap. The move is expected to secure stable revenue and foster continuous growth, aligning with KC’s corporate philosophy of turning challenges into value.
More about Kasumigaseki Capital Co., Ltd.
Kasumigaseki Capital Co., Ltd. operates in the real estate industry, focusing on hotel development and management. It offers hotel brands such as ‘fav,’ ‘FAV LUX,’ ‘edit x seven,’ ‘seven x seven,’ and ‘BASE LAYER HOTEL,’ catering to group guests across Japan. The company aims to enhance investor value through sustainable growth and contribute to Japan’s tourism sector.
Average Trading Volume: 472,827
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen155.6B
See more data about 3498 stock on TipRanks’ Stock Analysis page.