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An announcement from Industrial & Infrastructure Fund Investment Corporation ( (JP:3249) ) is now available.
Industrial & Infrastructure Fund Investment Corporation (IIF) has completed the acquisition of the IIF Hyogosanda Logistics Center II, a real estate trust beneficiary interest, for 9,240 million yen. This acquisition supports IIF’s strategic focus on industrial properties, potentially enhancing its portfolio and ensuring stable, long-term demand in the logistics sector, which is a critical component of Japan’s industrial infrastructure.
More about Industrial & Infrastructure Fund Investment Corporation
Industrial & Infrastructure Fund Investment Corporation (IIF) is the first J-REIT focused on acquiring and operating both industrial and infrastructure properties in Japan. These properties play a vital role in the Japanese economy, where IIF expects to see stable demand in the mid to long term. IIF invests in a diverse portfolio of industrial properties, including manufacturing and research and development facilities.
YTD Price Performance: 2.88%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €1.81B
For an in-depth examination of 3249 stock, go to TipRanks’ Stock Analysis page.
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