NIPPON REIT Investment Corp ( (JP:3296) ) has provided an update.
NIPPON REIT Investment Corporation has announced a strategic transaction involving the transfer and acquisition of several real estate trust beneficiary interests in Japan. The company plans to transfer the FORECAST Shin-Tokiwabashi property in Tokyo for 2,700 million yen and acquire four properties, including ARBUS IBARAKI and Urbanex GINZA EAST Ⅱ, with a total acquisition price of 7,055 million yen. This transaction aims to optimize their portfolio and enhance asset value, potentially impacting stakeholders by improving financial stability and market positioning.
More about NIPPON REIT Investment Corp
NIPPON REIT Investment Corporation is a real estate investment trust company based in Tokyo, Japan. It focuses on managing and investing in a diversified portfolio of real estate properties, primarily in office, residential, and retail sectors, through its asset management company, SBI REIT Advisors Co., Ltd.
YTD Price Performance: 12.35%
Average Trading Volume: 5,241
Technical Sentiment Signal: Strong Sell
Current Market Cap: Yen151.2B
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