See press release.
Key Points
- YK Shintoku has, on 21 October 2010, entered into a conditional sale and purchase agreement for the divestment of Kamei Five to an independent private investor for a cash consideration of JPY 70,401,250 (S$1.1 million).
- Kamei Five, located in Hiroshima, was built in July 1989 and comprises 22 residential units, 2 commercial units and 2 car parking units. It contributed about 0.2% (or approximately JPY 9.8 million) of Saizen REIT’s annual revenue in the financial year ended 30 June 2010.
Saizen divests 3 properties - 14 OCT 2010
Saizen Reit divests Villa Kaigancho - 8 OCT 2010
Saizen completes divestment of Patios Ohashi - 30 SEP 2010
Saizen divests four properties - 29 SEP 2010
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