Kenedix Office Investment Acquires Shinbashi M-Square Bright Property
June 29, 2020 — Kenedix Office Investment Corporation announced that it has decided to acquire Shinbashi M-SQUARE Bright for 16.3 billion yen (US$150 million).
The scheduled date of acquisition is June 30, 2020 and Kenedix plans to settle the payment in full.
“The Acquisition is implemented with the support by the sponsor to purchase a property that is relatively new and located in the center of Tokyo through transactions based on a negotiations. The Transactions will be a reshuffle of properties through sale of the Sold Properties, which are aging relatively, to Mitsui Fudosan Co., Ltd. and acquisition of a relatively new property located in the center of Tokyo with excellent building specifications,” the REIT said.
Kenedix also sold properties. Read more here..