Starts Proceed Investment Corporation [8979.T]
TOKYO, Apr 22 (Pulse News Wire) – Starts Proceed Investment Corporation (8979.T) announced plans to sell two property units located in Nihonbashimachi, Chuo Ward, Tokyo. The sale involves transferring domestic real estate trust beneficiary rights to an undisclosed domestic corporation.
The transaction is expected to close on April 24, 2026, with a tentative book value of ¥1.176 billion. The properties consist of one building constructed in 1993 and another built in 1985. Both buildings currently house residential units and parking facilities.
The sale reflects the company's ongoing strategy to optimize its portfolio through asset rotation. The decision was made considering the maintenance costs and potential return on investment. Proceeds from the sale will be used as working capital, with the company planning to explore future investment opportunities and enhance shareholder value.
Details of the buyer indicate there are no significant capital, personal, or transactional relationships between the seller and the buyer.
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