Thakral says that proceeds will be channeled to bolster working capital and support the group’s plan to redeploy funds into opportunities that enhance earnings and drive future growth.
The Yotsubashi Nakano Building, located along Yotsubashi-suji, one of Osaka’s prime commercial districts, was one of the group’s first two property acquisitions in the fourth quarter of 2014.
The asset has nine storeys with a land area of 806 square metres and gross floor area of 7,925 square metres. As of 1H2025, the property maintained a 100% occupancy rate.
Thakral Corporation, together with other investors in TJP, bought back about 11% of TJP shares from a minority shareholder, raising its effective stake in TJP to 56.96%.
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Thakral Corporation will continue to maintain substantial exposure to the Osaka office market through its remaining five offices and one hotel property.
Shares in Thakral Corporation closed 1 cent higher or 0.625% up at $1.61 on Sept 30.
