United Urban Investment Corporation completed the acquisition of trust beneficial interest in RIHGA Royal Hotel Kokura ARUARU City from Apaman Co., Ltd..
January 25, 2018
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United Urban Investment Corporation (TSE:8960) agreed to acquire trust beneficial interest in RIHGA Royal Hotel Kokura ARUARU City from Apaman Co., Ltd. (JASDAQ:8889) for ¥16.6 billion on January 11, 2018. As on January 12, 2018, United Urban Investment Corporation signed a sale and purchase agreement to acquire trust beneficial interest in RIHGA Royal Hotel Kokura ARUARU City from Apaman Co., Ltd. The transaction will be funded by cash on hand of United Urban Investment Corporation. For the year ended December 31, 2017, RIHGA Royal Hotel Kokura ARUARU City reported revenue of ¥1.2 billion. The transaction is expected to be completed by January 26, 2018. Tanizawa Sogo Appraisal Co., Ltd. acted as a appraiser and Sanko Soflan Company Inc. acted as broker in the transaction.
United Urban Investment Corporation (TSE:8960) completed the acquisition of trust beneficial interest in RIHGA Royal Hotel Kokura ARUARU City from Apaman Co., Ltd. (JASDAQ:8889) on January 26, 2018.
Apaman Co., Ltd., formerly Apamanshop Holdings Co.,Ltd., is mainly engaged in agency business, property management business and principal investment and fund business based on the real estate information network. The Company operates though three business segments. The Agency segment is engaged in the leasing agency business through operation of direct stores, as well as the leasing agency franchise (FC) business through FC stores. The Property Management segment is engaged in leasing management and property subleasing. The Principal Investment and Fund segment is engaged in the real estate investment business for rent and the value-up business to resell real estate. The Others segment is engaged in parking business, co-working business, small office home office (SOHO) and capital management business.
United Urban Investment Corporation completed the acquisition of trust beneficial interest in RIHGA Royal Hotel Kokura ARUARU City from Apaman Co., Ltd..