TOKYO, Mar 25 (Pulse News Wire) – United Urban Investment Corporation (8960.T) announced plans to acquire beneficial rights to real estate trust assets managed by RenGa Pro Sixth Joint Company. The total cost of the acquisition is ¥3 billion.
Key details include: - Acquisition price: ¥3 billion (part of the total investment amount) - Effective date: March 27, 2026 - Completion date: March 26, 2026 - Payment due date: March 27, 2026 The acquired assets consist of seven properties located across Tokyo, including residential complexes and office buildings. Each property is backed by non-recourse loans secured by mortgages and pledges.
This strategic move aligns with the company's growth objectives, providing priority negotiation rights for future asset acquisitions until March 31, 2031. United Urban Investment expects to benefit from stable dividend income during the holding period and aims to enhance portfolio quality through pipeline expansion.
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