Japan Prime Realty Investment Corporation (TSE:8955) agreed to acquire an additional 4.6% stake in Shinagawa Canal Building from Ja Zen-Noh Meat Foods Co.,Ltd. for approximately ¥170 million on February 14, 2019. The consideration will be funded from cash on hand. Upon completion Japan Prime Realty Investment Corporation will hold 50.2% stake in Shinagawa Canal Building. Transaction is expected to complete on March 8, 2019. Tokyo Tatemono Real Estate Sales Co., Ltd. acted as sales agent in the transaction and will receive a brokerage fees of ¥ 5 million. Japan Real Estate Institute acted as appraiser in the transaction. Japan Prime Realty Investment Corporation (TSE:8955) cancelled the acquisition of an additional 4.6% stake in Shinagawa Canal Building from Ja Zen-Noh Meat Foods Co.,Ltd. on February 14, 2020.