United Urban Investment Corporation To Acquire Retail Property
June 28, 2022 – United Urban Investment Corporation announced that Japan REIT Advisors Co., Ltd. (JRA), the asset management company to which United Urban entrusts asset management services, decided today to acquire a property.
United Urban will acquire the trust beneficial interest in the following real estate property:
The Asset to be Acquired sits in the Hachioji New Town in Hachioji City, western part of Tokyo where residential developments are ongoing. It is a 9-minute walk from the nearest station, Hachiojiminamino station, on the JR Yokohama Line. In addition, as it is located on the corner of the Hachioji Minami Bypass Road, which is now under construction, the Property secures high visibility.
The car access to the Property is expected to become more convenient upon the opening of the bypass road, and the trade area of the store at the Property will likely expand.
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