Saizen completes divestment of Patios Ohashi - 30 SEP 2010

Saizen completes divestment of Patios Ohashi. See press release.

Key Points

• Further to Saizen Real Estate Investment Trust’s ("Saizen REIT") announcement on 21 September 2010, the Board of Directors of Japan Residential Assets Manager Limited, the manager of Saizen REIT, is pleased to announce that the divestment of Patios Ohashi was completed on 30 September 2010.
• The sale price of Patios Ohashi is JPY 79,352,200 (S$1.2 million1) and a deposit of JPY 4,325,200 (S$0.1 million) was paid on 21 September 2010. The remaining sum was paid on 30 September 2010.