Thakral Corporation has realised a net gain of about $2.5 million compared to the original acquisition cost from the divestment of the Riverpoint Kitahama Building in Osaka, Japan. The sale price was also $84,000 more as compared to the carrying value as of 31 December, 2020. 

The Riverpoint Kitahama Building is a 3,415 square metre office building near the Osaka Securities Exchange in Osaka’s financial district. 

Following the completion of the divestment on Aug 30, Thakral’s real estate investment portfolio in Japan will have a total of six commercial buildings, with a combined area of around 430,000 square feet and 3 business hotels with a total of 336 rooms. 

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook