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 acquisition and transfer as detailed below.
Asset to be acquired | Real estate (*2) |
Property name | Motoazabu Hills |
Acquisition price (*1) | 16,240,000,000 yen |
Scheduled sales agreement conclusion date | March 18, 2011 |
Scheduled acquisition date | March 18, 2011 |
Acquiring party | Mori Hills REIT Investment Corporation |
Asset to be transferred | Real estate (*3) | Real estate (*4) |
Property name | Ark Mori Building | Akasaka Tameike Tower |
Transfer price (*1) | 9,770,000,000 yen | 6,730,000,000 yen |
Scheduled sales agreement conclusion date | March 18, 2011 | March 18, 2011 |
Scheduled transfer date | March 18, 2011 | March 18, 2011 |
Purchasing party | Mori Hills REIT Investment Corporation | Mori Hills REIT Investment Corporation |
*1: The amount shown is minus total expenses, fixed asset tax, urban planning tax, consumption tax, etc.
*2: This acquisition involves the acquisition of the classification ownership for 23 partitions including the 63 residences and ancillary facilities of Motoazabu Hills.
*3: This transfer involves the transfer of the trust beneficiary rights for the trust beneficiary for the 50% joint-ownership of the classification ownership of the 23rd floor of the Ark Mori Building and the classification ownership for the 25th floor.
*4: This transfer involves the transfer of the trust beneficiary rights for the trust beneficiary for the classification ownership of 87 residences, the 84.8% joint ownership of the classification ownership of 1 residence, and the 31.6% joint ownership of the classification ownership for automobile and bicycle/motorcycle parking lots.