An unknown buyer agreed to acquire Kurume Higashi Kushiwara Shopping Center from Fukuoka REIT Corporation (TSE:8968) for ¥2.7 billion on October 19, 2022. Date of execution of transfer agreement is on October 26, 2022. Delivery date of the Property is scheduled on 1st 15% co-ownership interest on February 28, 2023, 2nd 55% co-ownership interest on August 31, 2023 and 3rd 30% co-ownership interest on November 30, 2023. As of February 28, 2023, the first 15% stake has been transferred. As of August 31, 2023, the second transfer of 55% co-ownership interest has completed.
An unknown buyer completed the acquisition of Kushiwara Shopping Center from Fukuoka REIT Corporation (TSE:8968) on November 30, 2023.