ichigo real estate investmen
Transactions by ICHIGO REAL ESTATE INVESTMEN (8975) in the last 6 months
An unknown buyer acquired O-13 Ichigo Kudan-Minami Building from Ichigo Real Estate Investment Corporation (TSE:8975) for ¥450 million on September 30, 2014. The contract for the deal was signed on September 30, 2014. The sale proceeds will be used for loan repayment and strategic uses to drive Ichigo REIT’s growth. Mizuho Trust Realty Co., Ltd. acted as broker for the transaction.
Ichigo Real Estate Investment Corporation (TSE:8975) (Ichigo REIT) agreed to acquire additional 7.24% stake in Ichigo Mirai-Shinkin Building from Oita Mirai Shinkin Bank for ¥58 million in cash on June 10, 2014. On closing, Ichigo Real Estate Investment's stake in the property will increase to 90.57% from 83.33%. In case of termination of the deal by either party, an amount equivalent to 20% of the purchase price shall be paid as penalty. The deal is expected to be financed ...
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