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MIRAI Corp. closes ¥12B stake sale in Tokyo asset

MIRAI Corp. closed the sale of a 36.6% stake in the Shinagawa Seaside Parktower office asset in Tokyo's Shinagawa-ku for approximately ¥12.00 billion to Mitsui & Co. and Private REIT Inc.

The Tokyo-headquartered company will continue to hold onto the remaining 63.4% interest in the property, according to a filing.

The company also completed the purchase of the Nippo Hommachi Building office property in Osaka, Japan, for a total consideration of roughly ¥1.47 billion.

As of Feb. 27, US$1 was equivalent to ¥107.45.