Nomura Real Estate Master Fund (TYO:3462) plans to sell eight residential properties in Japan for 10.8 billion yen, according to a Tuesday filing on the Tokyo Stock Exchange.
The properties, which include PRIME URBAN Senzoku and PRIME URBAN Gyotoku I-III, have a combined book value of 8 billion yen, generating a 2.8 billion yen gain.
The sale, scheduled for March 28, is part of Nomura's strategy to improve its portfolio by offloading assets with declining competitive advantages.
Price (JPY): $137000.00, Change: $-1300, Percent Change: -0.94%
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