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Activia Properties ( (JP:3279) ) has shared an update.
Activia Properties Inc. announced that its sponsor, Tokyu Land Corporation, plans to acquire up to 14,611 additional investment units of API. This acquisition aims to address the concern of API’s unit price being below the per-unit NAV and is expected to align the interests of unitholders with the sponsor, potentially enhancing support for API’s growth in the medium to long term.
More about Activia Properties
Activia Properties Inc. operates in the real estate investment industry, focusing on managing and acquiring investment units. The company is managed by TLC REIT Management Inc., which is part of the Tokyu Fudosan Holdings Group, a significant player in asset management and real estate development.
YTD Price Performance: 9.47%
Technical Sentiment Consensus Rating: Hold
Current Market Cap: €1.72B
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