XYMAX REIT Investment Corp. (JP:3488) has released an update.
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XYMAX REIT Investment Corp. has successfully renovated and fully leased the XYMAX Mita Building, leading to a 38.9% increase in average unit rent and operational full occupancy since April 2024. This has resulted in the building’s sale at a price 15.4% above its appraisal value. The sale will contribute to a 456 yen increase in the distribution per unit and part of the proceeds will be aimed at further external growth.
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