ABAS Shin-Yokohama (ASY) will be sold at a sale price of JPY3.3 billion and TS Ikebukuro Building (TSI) will be sold at a sale price of JPY5.4 billion, with a combined divestment consideration of JPY8.73 billion.
This represents a 1.7% premium against the aggregate purchase price of JPY8.58 billion (approximately $104.1 million). The divestment consideration for both properties will be satisfied wholly in cash.
The divestments are scheduled for completion by end-August FY2025/2026, and upon completion, MPACT’s portfolio will comprise 15 quality commercial properties located across the five key gateway markets of Asia, with a total lettable area of 10.4 million square feet independently valued at $15.9 billion.
Units in MPACT closed flat at $1.28 on July 23
