Brief: Kenedix says notice of change in subsidiary due to Silent Partnership Investment in retail facility

Kenedix Retail REIT

14/11/2018 07:10

Nov 14(Reuters) - Kenedix Inc  4321.T  
    
    * Says it has decided to make a silent partnership (tokumei
kumiai) investment in KRF74 Godo Kaisha, a special purpose
company (SPC) that will purchase trust beneficiary rights backed
by a retail facility from Kenedix Retail REIT Corp  3453.T  
    * KRF74 plans to purchase 49 percent of the quasi
co-ownership of
the trust beneficiary rights in December 2018 and the remaining
51 percent in April 2019, and KRF74 is expected to become a
consolidated subsidiary of the company 
    * Purchase price at 5.98 billion yen 

    
    
    Source text in Japanese:http://bit.ly/2qKH63S
    Further company coverage: 4321.T  3453.T 

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