Tokyo Subway Co., Ltd. (Tokyo Metro) will establish Tokyo Metro Asset Management on April 1.
This is aimed at entering the real estate asset management business, where Tokyo Metro will sell its owned real estate and use the funds obtained from the sale for new real estate development and acquisition.
The capital is 200 million yen, and Mr. Hiroyuki Ishizawa will be appointed as the representative director and president. In preparation for the start of private placement REIT operations with Tokyo Metro as the sponsor, the company will proceed with concrete preparations such as acquisition of licenses for real estate transactions, financial instruments transaction business (investment management).
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