India, Oct. 16 -- Japan Prime Realty Investment Corporation (8955.T), a Japanese real estate company, Friday announced that it has decided to acquire a stake in JA Building and Keidanren Kaikan by utilizing the sponsor pipeline for Euro32.8 billion, in order to strengthen portfolio profitability and quality.
The company will acquire an interest in the properties from Tokyo Tatemono Realty Investment Management, Inc., the asset management company to which Japan Prime Realty entrusts management of its assets.
JA Building is a large-scale high-rise office building with 37 above-ground floors, while Keidanren Kaikan is a large-scale high-rise office building with 23 above-ground floors and the buildings have an occupancy rate of 96.6 percent....