[Translation]
January 27, 2012
Company name | Sapporo Holdings Limited |
Representative | Tsutomu Kamijo President and Representative Director |
Securities code | 2501 |
Listed on | Tokyo Stock Exchange Sapporo Securities Exchange |
Inquiries | Tatsuya Komatsu Director, Corporate Communication Department |
Tel.: +81 3-5423-7407 |
Sapporo Holdings Limited (the "Company") hereby announces
that SAPPORO REAL ESTATE CO., LTD. (for which the trade name
was changed from Yebisu Garden Place Co., Ltd., as of January
1, 2012), a consolidated subsidiary of the Company, which
conducted negotiations on the acquisition of the 15% trust
beneficiary rights (noncurrent assets) held by its joint
holder in the complex called Yebisu Garden Place (located at
Ebisu, Shibuya-ku, Tokyo, and others; the "Yebisu Garden
Place Complex") as was previously announced on December 26,
2011, has recently reached an agreement with the joint holder
on the terms and conditions of the transfer contract and
determined the acquisition of the said trust beneficiary
rights (noncurrent assets) at the meeting of its Board of
Directors held today.
Furthermore, in association with the acquisition above, the
Company announces that it has been agreed to dissolve the
strategic business and capital alliance entered into by and
between the Company and SAPPORO REAL ESTATE and Morgan
Stanley Capital K.K. (including the real estate funds that
are operated thereby or to which it issues advice, as well as
the Tokutei Mokuteki Kaisha (special-purpose company) that
incorporates such funds in its business operation; "Morgan
Stanley").
1. Acquisition of the Noncurrent Assets
(1) Reasons for the Determination on the Acquisition
Because the transfer contract has been agreed upon pursuant
to the terms and conditions that were announced on December
26, 2011.
(2) Schedule