Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Star Asia Investment Corp. ( (JP:3468) ) has issued an announcement.
Star Asia Investment Corporation and its asset manager are set to benefit from a new capital and business alliance between their sponsor Star Asia Group and Mizuho Leasing Group, under which Mizuho Leasing will acquire a 25% stake in Star Asia Group LLC. The partnership will span financing support, joint real estate investments, operating-business collaboration, fund and REIT development and knowledge sharing, strengthening Star Asia’s access to capital and deal flow.
In tandem, SAR and Star Asia Investment Management will enter into a sponsor support agreement with ML Estate, a Mizuho Leasing subsidiary, once the alliance takes effect. ML Estate will provide property information, acquisition support, warehousing functions, tenant introductions and financing cooperation, measures expected to accelerate SAR’s medium-term growth plan and enhance value for unitholders.
More about Star Asia Investment Corp.
Star Asia Investment Corporation is a Japanese real estate investment trust focused on investing in domestic real estate and related assets, with asset management entrusted to Star Asia Investment Management. The broader Star Asia Group specializes in Japanese real estate equity, debt, securitized products and corporate investments, positioning SAR as a platform for continued growth in the country’s property market.
Average Trading Volume: 6,894
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen163.9B
For an in-depth examination of 3468 stock, go to TipRanks’ Overview page.