Daiwa Office Investment Corporation (JP:8976) has released an update.
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Daiwa Office Investment Corporation has divested a property, Daiwa Tsukishima, for 9.8 billion yen, significantly above its book value of 6.295 billion yen, in a move aligned with its portfolio strategy and to enhance unitholder value. The sale will be executed in three separate transactions occurring between November 2024 and November 2025 to a sister company within the Daiwa Securities Group, with the sale price matching the property’s appraisal value.
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