NTT UD REIT Investment Corporation (TSE:8956) agreed to acquire Urbannet Nakano Building from NTT Urban Development Corporation for ¥6.4 billion on February 24, 2023. Borrowings and cash on hand will be used for the acquisition. Payment will be done lump sum on delivery. The transaction is expected to complete on March 14, 2023.

NTT UD REIT Investment Corporation (TSE:8956) completed the acquisition of Urbannet Nakano Building from NTT Urban Development Corporation on March 14, 2023.