trending Market Intelligence /marketintelligence/en/news-insights/trending/28QbIfudBC_AaG5LsU0Mvg2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Asset managers of 3 property companies in Japan initiate merger proceedings

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate CRE Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Asset managers of 3 property companies in Japan initiate merger proceedings

The asset manager of Japan Retail Fund Investment Corp. and Industrial & Infrastructure Fund Investment Corp. agreed to merge with the asset manager of Mcubs MidCity Investment Corp. under a memorandum of understanding executed March 22.

Mitsubishi Corp.-UBS Realty Inc. will absorb Mcubs MidCity Investment Corp. as part of the plan. As the surviving entity following the absorption-type merger, Mitsubishi will also manage the assets of the three Japanese real estate investment trusts.

Respective boards of the merging asset managers will consider for approval the proposed merger during a general shareholder meeting scheduled April 12. If approved, the merger is expected to take effect July 1.

Katsuji Okamoto, the current president and CEO of Mitsubishi, will retain his posts in the new entity that will have ¥500 million in paid-in capital.

The listings in Japan of Japan Retail Fund, Industrial & Infrastructure and Mcubs MidCity Investment will be unaffected by the merger, according to separate filings.

As of March 22, US$1 was equivalent to ¥109.84.