trending Market Intelligence /marketintelligence/en/news-insights/trending/GyT-nCQ_C2sWAiK6YhV_zw2 content esgSubNav
In This List

Daiwa Office to sell stake in Tokyo office tower for ¥62.5B

Video

S&P Capital IQ Pro | Powering Your Edge

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Enterprises are missing out on 24B by not optimizing cloud spending not going multicloud


Daiwa Office to sell stake in Tokyo office tower for ¥62.5B

Daiwa Office Investment Corp. agreed to the ¥62.5 billion sale of a roughly 43% stake in a grade A Tokyo office tower to Singapore's sovereign wealth fund, GIC.

Daiwa Office will retain an equal stake in the property, with the remaining interest held by an unidentified domestic company.

The 34-story Shinjuku MAYNDS Tower in Shinjuku will be jointly managed by Daiwa Office and GIC, according to a release.

As of Dec. 18, US$1 was equivalent to ¥112.36.