Sekisui House Reit (JP:3309) has released an update.
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Sekisui House Reit, Inc. is set to sell Akasaka Garden City, a large-scale office building, for 54,600 million yen with an expected gain of 3,025 million yen on May 30, 2025. The sale is part of a strategic shift towards a more residential-focused portfolio, aiming to enhance unitholder value amid market uncertainties and a decreased profitability outlook for large-scale office properties. This disposition aligns with the company’s medium to long-term goal of achieving stable and proactive growth by reallocating resources to domestic and overseas residential investments.
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