Nippon REIT Investment (TYO:3296) said it plans to sell its two Tokyo properties, Forecast Ningyocho and Toranomon Sakura Building, for a combined 7.6 billion yen, according to a Tokyo Stock Exchange filing on Tuesday.
The trust said the Ningyocho property will be transferred for 2.6 billion yen to an unnamed buyer, while the Sakura Building will be transferred for 5 billion yen to Gaudi TMK on Dec. 15, 2026, and Jan. 13, 2027, respectively.
The proceeds will be used for the acquisition of its own investment units, investments, property acquisitions, and debt repayments based on market conditions and investment opportunities.
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