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Mori Hills Reit Investment Corporation ( (JP:3234) ) has provided an announcement.
Mori Hills REIT Investment Corporation has announced the renewal of its building lease and property management agreements with Mori Building Co., Ltd. for the ARK Mori Building and Roppongi Hills Mori Tower. The renewal, effective from 2026, involves adjustments in rent and security deposits, reflecting a strategic move to maintain stable occupancy and financial terms. This transaction underscores the interconnected relationship between MHR and Mori Building Co., Ltd., as the latter holds a significant stake in MHR and fully owns the asset manager, indicating a consolidation of interests within the group.
More about Mori Hills Reit Investment Corporation
Mori Hills REIT Investment Corporation operates in the real estate investment sector, focusing on managing and investing in properties through its asset manager, Mori Building Investment Management Co., Ltd. The company is involved in leasing and property management, primarily dealing with high-profile buildings such as ARK Mori Building and Roppongi Hills Mori Tower.
Average Trading Volume: 3,872
Technical Sentiment Signal: Buy
Current Market Cap: Yen274.2B
See more data about 3234 stock on TipRanks’ Stock Analysis page.