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Mori Hills REIT Announces Strategic Acquisition by Sponsor

Mori Hills REIT Announces Strategic Acquisition by Sponsor

Mori Hills Reit Investment Corporation (JP:3234) has released an update.

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Mori Hills REIT Investment Corporation (MHR) announces an additional acquisition of up to 95,800 units, valued at a maximum of 10 billion yen, by its sponsor Mori Building Co., Ltd. This strategic move is expected to align the interests of MHR’s unitholders with Mori Building, ensuring MHR’s medium- to long-term growth through continued support and portfolio enhancement.

For further insights into JP:3234 stock, check out TipRanks’ Stock Analysis page.

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