Star Asia Investment Corp. (JP:3468) has released an update.
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Star Asia Investment Corporation, managed by Star Asia Investment Management Co., Ltd., has announced its 11th asset replacement, involving the acquisition of the Urban Forum Warabi property and a mezzanine loan debt, as well as the sale of Urban Park Namba and Smile Hotel Namba. The transactions, excluding taxes and other expenses, amount to a planned acquisition of 1,230 million yen and a planned sale of 3,500 million yen, with the acquisition and sale set for August and September 2024 respectively. The company also reported that Urban Forum Warabi has received a two-star energy-efficiency certification rating.
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