NIPPON REIT Investment Corp (JP:3296) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
NIPPON REIT Investment Corporation has disclosed its plans for asset transactions involving the transfer and acquisition of real estate trust beneficiary interests in Japan, totaling a scheduled transfer price of 23,485 million yen and an acquisition cost of 20,200 million yen. The transaction includes the transfer of FORECAST Shinjuku SOUTH and Field Avenue properties, with gains on transfers, and the acquisition of URAWA GARDEN BUILDING and a property tentatively named Shinagawa Konan PJ. These strategic moves are expected to realign the company’s asset portfolio and provide funds for new acquisitions.
For further insights into JP:3296 stock, check out TipRanks’ Stock Analysis page.