United Urban Investment Corporation (TSE:8960) intends to acquire GRAND-ROUGE Joto in Osaka from Mizuho Marubeni Leasing Corporation for ¥1.8 billion on December 16, 2022. An agreement is scheduled to be made on December 22, 2022. The transaction will be financed through debt. United Urban Investment Corporation secured debt financing to fund the principal repayment for its existing borrowing upon the maturity and the payment for additional acquisitions of GRAND-ROUGE Joto, of which ¥1.9 billion will be allotted to fund the acquisition. The transaction is expected to complete on December 22, 2022.

United Urban Investment Corporation (TSE:8960) completed the acquisition of GRAND-ROUGE Joto in Osaka from Mizuho Marubeni Leasing Corporation on December 22, 2022.