A.D.Works corporation entered into a sale and purchase agreement to acquire Trust beneficial interest in Urban Park Gokokuji from Star Asia Investment Corporation (TSE:3468) for ¥1.8 billion on March 16, 2023. ¥92.7423 million yen to be received as deposit money on the signing date of sale and purchase agreement, land the remaining amount is to be received in lump-sum payment on the planned transfer date. The transaction is expected to close on August 31, 2023 or such other date to be separately agreed by SAR and the A.D.Works. The remaining proceeds to be appropriated to cash-on-hand to be used mainly as funds for future property acquisitions. As of August 7, 2023, the planned transfer date has been finalized as August 31, 2023 by both the parties.

A.D.Works corporation completed the acquisition of Trust beneficial interest in Urban Park Gokokuji from Star Asia Investment Corporation (TSE:3468) on August 31, 2023.