Mori Building Co., Ltd. (Minato Ward, Tokyo; President Minoru Mori) at the board of directors meeting held on February 22, 2011, resolved to conduct an asset transfer as detailed below.
Asset to be transferred | Real estate (*2) |
Property name | Hirakawacho Mori Tower |
Transfer price (*1) | 18,200,000,000 yen |
Scheduled sales agreement conclusion date | February 24, 2011 |
Scheduled transfer date | March 1, 2011 |
Purchasing party | Global One Real Estate Investment Corp. |
*1: The amount shown is minus total expenses, fixed asset tax, urban planning tax, consumption tax, etc.
*2: This transfer involves the assignment of the trust beneficiary rights associated with the classification ownership for the Hirakawacho Mori Tower office 6 floors and the retail zone (total exclusive floor space approx. 26%).
[Purpose of Transfer]
This transfer is part of the financial strategy for promoting the Company's urban development business and will contribute to strengthening the Company's financial position.
[Reference] Summary of Transfer Property
Property name : Hirakawacho Mori Tower
Address : 2-16-1 Hirakawacho, Chiyoda-ku, Tokyo
Number of floors : 24 above ground, 2 below ground
Site area : 5,592.19 m2 (registered area)
Floor space : 51,094.82 m2 (registered area)