LaSalle LOGIPORT REIT (JP:3466) has released an update.
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LaSalle LOGIPORT REIT has announced an asset disposition strategy to optimize capital by selling LOGIPORT Kawagoe, with the intention to distribute the gains as dividends, improving unitholder value. The proceeds may also fund indirect investments through a special purpose company, reflecting a strategic response to current capital market conditions. The transaction includes acquiring a 15% interest in LOGIPORT Kawasaki Bay, demonstrating a dynamic approach to asset management and unitholder returns.
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