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Mitsubishi UFJ exercises option to buy ¥565M of new MCUBS MidCity units

Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. is exercising its option to buy all of the allotted 8,000 new investment units in MCUBS MidCity Investment Corp. for ¥565.2 million.

The new units, priced at ¥70,650 apiece, are to be subscribed on March 8 and paid the next day. The third-party allotment was disclosed the same day it announced a roughly ¥11.85 billion offering of new units to help fund its acquisition of four commercial assets in Japan for about ¥23.21 billion.

Proceeds from the transaction with Mitsubishi UFJ will be kept for future acquisition of specific assets, the Japanese developer said in a filing.