Hankyu Hanshin REIT (TYO:8977) has received notice from its sponsor, Hankyu Hanshin Properties, regarding the acquisition of additional investment units, according to its Wednesday bourse filing.
The acquisition, which involves a maximum of 81,185 units, will take place through open market purchases from March 21, 2025, to March 19, 2026, and is classified as an act equivalent to a tender offer under the Financial Instruments and Exchange Act.
Following the acquisition, the sponsor's ownership ratio in Hankyu Hanshin REIT will increase to a maximum of 14.90% from 3.22%, reflecting its enhanced support for HHR's operations.
The additional acquisition underscores the sponsor's commitment to supporting the Reit's growth strategy, which focuses on acquiring properties from the Hankyu Hanshin Holdings Group and leveraging development opportunities.
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