Global Alliance Realty will acquire an additional 4,000 investment units of Global One Real Estate Investment (TYO:8958), according to a Friday filing with the Tokyo Stock Exchange.
The asset manager will purchase the investment units from March 7 to Sept. 12.
The maximum units to be purchased account for 0.40% of the real estate investment trust's (REIT) total investments issued as of Feb. 28.
Following the acquisition, Global Alliance Realty will hold 1% of the REIT's investment units.
With the acquisition, the asset manager looks to reaffirm its commitment to the REIT's medium- to long-term growth.
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