An update from Kenedix Office Investment Corporation ( (JP:8972) ) is now available.
Kenedix Office Investment Corporation announced the disposition of the Sapporo Shiroishi Distribution Center, a logistics facility in Sapporo, Hokkaido. This decision aligns with their strategy to improve portfolio quality by reshuffling assets. The property, valued for its scarcity and location in a high-demand area, is being sold due to challenges in redevelopment and to secure a gain on sales, given the favorable disposition price compared to its book value.
More about Kenedix Office Investment Corporation
Kenedix Office Investment Corporation operates in the real estate investment industry, focusing on acquiring and managing properties to enhance portfolio quality. It is managed by Kenedix Real Estate Fund Management, Inc., which specializes in real estate fund management.
YTD Price Performance: 1.69%
Average Trading Volume: 1
Technical Sentiment Signal: Strong Buy
Current Market Cap: €3.78B
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