Advance Logistics Investment Corporation (JP:3493) has released an update.
Mitsui Fudosan Logistics Park Inc. and Advance Logistics Investment Corporation have agreed to a merger that will see Mitsui Fudosan as the surviving entity and a concurrent company split involving their respective asset management firms. The merger, effective November 1, 2024, aims to address market challenges and improve unitholder value through increased asset size and portfolio diversification. The combined entity will manage 49 properties with an expected total acquisition price of 576.5 billion yen, aiming to enhance market presence and stabilize income.
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