TOKYO, Mar 17 (Pulse News Wire) – Mori Hills REIT Investment Corporation (3234.T) decided to transfer part of its Laforet Shibuya ground lease property. The partial transfer involves two quasi-coownership shares, with the total book value amounting to ¥1 billion.
The transfer price is set at ¥1 billion, resulting in a gain of ¥200 million. The transaction is scheduled to close on July 1, 2026, and December 1, 2026. The decision follows a comprehensive evaluation of economic conditions, real estate trends, and portfolio impact. The company believes this move will enhance shareholder interests by unlocking embedded gains while pursuing long-term asset acquisitions.
The transfer will also allow Mori Building Co., Ltd., the transferee, to continue supporting future development initiatives through minority stakes. In related developments, Mori Hills REIT Investment Corp disclosed its updated portfolio outlook, reflecting the upcoming transfers. Post-transfer, the company's investment ratio distribution remains balanced across various properties, ensuring sustained rental income generation. Key assets include the Akasaka Icho Square Tower, which accounts for 10.6%, and the Toranomon Hills Mori Tower, contributing 17.8%.
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