United Urban Investment Trust Units Transferred Within Sponsor Group
TOKYO, Jul 17 (Pulse News Wire) – United Urban Investment Corporation (8960.T) received notice from its asset management company, Marubeni Real Estate Advisers Co., Ltd., regarding the planned acquisition of some units held by Marubeni Real Estate Management Co., Ltd., a subsidiary of sponsor First Life Marubeni Real Estate Co., Ltd. The total number of units potentially acquired is 32,000.
The acquisition period is scheduled from July 22, 2026 to June 30, 2028. This move aims to consolidate the investment trust units within the sponsor group, enhancing long-term value and strengthening support functions. It also signals a commitment to expanding real estate operations and fostering stronger synergies between the investment trust and its sponsor.
Notably, while some units will be transferred, Marubeni Real Estate Management's property management services will remain unchanged. Marubeni Real Estate Advisers Co., Ltd., which manages the assets of United Urban Investment Corporation, will engage in discussions with Marubeni Real Estate Management Co., Ltd. to finalize the exact number of units to be transferred.
The acquisition process is set to occur through negotiated transactions, and the timeline could conclude earlier than anticipated.
