Dear Life to Acquire Property in Tokyo at Undisclosed Value

MT Newswires Live

Mar 18

Dear Life (TYO:3245) has agreed to acquire an income-generating property tentatively named DeLCCS Ikebukuro II, located in Tokyo's Toshima-ku, at an undisclosed value.

The real estate firm said that the purchase was funded through a combination of its own capital and bank borrowings, according to a Tokyo bourse filing on Wednesday.

Due to a confidentiality clause, the seller's identity and the transaction's purchase price have not been disclosed, though the company confirmed no special relationship exists with the seller.

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