Japan Metropolitan Fund Investment to Undertake Large-scale Renewal of Tokyo Building

MT Newswires Live

2024/09/13

Japan Metropolitan Fund Investment (TYO:8953) will undertake a large-scale renewal on the G-Bldg. Minami Ikebukuro 01 in Toshima-ku, Tokyo, to boost its competitiveness.

JMF received a third-party opinion on Thursday, confirming the positive impacts of the renewal and marking its second such recognition, according to a filing on the same day.

The renewal aims to extend the property's economic durability by over 60 years, improve total returns, and enhance unitholder value, with an expected 90 million yen increase in fixed rent and a 26% rise in appraisal value.

Price (JPY): $100200.00, Change: $+900, Percent Change: +0.91%

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