NIPPON REIT Investment Corp (JP:3296) has released an update.
NIPPON REIT Investment Corporation announces asset transfers aimed at maintaining competitiveness and rejuvenating building age in key locations. With an overall positive occupancy rate, the strategic sales and acquisitions have yielded an estimated gain of ¥2,116 million. The company plans to reinvest the proceeds into new property acquisitions, debt redemption, stock buyback, or bolstering internal reserves.
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