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Mori Hills REIT Renews Key Property Leases with Mori Building Co., Ltd.

Story Highlights
  • Mori Hills REIT renews leases for ARK Mori Building and Roppongi Hills Mori Tower.
  • The renewal reflects strategic financial adjustments and consolidates interests within the group.
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Mori Hills REIT Renews Key Property Leases with Mori Building Co., Ltd.

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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

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