Japan Retail Investment (JP:8953) has released an update.
Japan Metropolitan Fund Investment Corporation (JMF) has announced a strategic asset repositioning, selling one retail property, Ito-Yokado Tsunashima, for a gain of approximately 4.56 billion yen and acquiring CROSS MUKOGAOKA, another retail property with future growth potential. The move is aimed at enhancing both the Distribution Per Unit (DPU) and the Net Asset Value (NAV), with the goal of improving total returns for investors amid a changing real estate environment. JMF focuses on optimizing its portfolio to include various urban properties, reflecting post-COVID-19 trends such as the rise of e-commerce and mixed-use developments.
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