Nomura Real Estate Development Co., Ltd. cancelled the acquisition of Kiyosumi Office from Maruhachi Warehouse Co., Ltd..
July 11, 2015 at 12:00 am EDT
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Nomura Real Estate Development Co., Ltd. agreed to acquire Kiyosumi Office from Maruhachi Warehouse Co., Ltd. (TSE:9313) for ¥3 billion on July 11, 2014. In a related transaction, Maruhachi Warehouse will acquire an apartment for lease. The book value of Kiyosumi Office is ¥234 million. Board of Directors of Maruhachi Warehouse made a resolution in favor of the transaction on July 11, 2014. The tentative contract conclusion date is end of September 2014. The tentative property transfer date is end of August 2015. The transfer date has been postponed as on October 10, 2014. As on December 19, 2014, the consideration was amended to ¥2.3 billion. A resolution was passed by the Board of Directors of Maruhachi Warehouse. The contract conclusion date and property transfer date is scheduled on December 25, 2014.
Nomura Real Estate Development Co., Ltd. cancelled the acquisition of Kiyosumi Office from Maruhachi Warehouse Co., Ltd. (TSE:9313) on July 11, 2015.
Maruhachi Warehouse Company, Limited is engaged in the logistics business and real estate businesses. The Company operates in two business segments. The Logistics segment provides warehousing services, cargo handling operations and warehouse leasing services, as well as general freight car transport business and transport agency business. The Real Estate segment is engaged in the development, purchase, sale, brokerage, leasing and management of real estates, the provision of consulting services on properties, as well as the rental business of condominiums, office buildings and others.
MARUHACHI WAREHOUSE COMPANY, LIMITED 
