Mitsui & Co., Ltd. ("Mitsui", Head office: Tokyo, President and CEO: Masami Iijima) announced its wholly owned subsidiary, Bussan Real Estate Co., Ltd. ("Bussan Real Estate") has agreed to sell the WINS Asakusa Building and Asakusa Park Hall Building to Hulic Co., Ltd. ("Hulic", Head office: Tokyo, President and CEO: Saburo Nishiura). Approval has been obtained from Senso-ji Temple, which is the lessor of the site of the Asakusa Park Hall Building, for the transfer of the land lease right from Bussan Real Estate to Hulic. The handover of both buildings is scheduled to take place in May, 2015.
1. Property Overview
||WINS Asakusa Building (land and building)
||Asakusa Park Hall Building (land lease and building)
||66-6, Asakusa 2-chome, Taito-ku, Tokyo
||92-1, Asakusa 2-chome, Taito-ku, Tokyo
||3,131.21 m2 (official register)
||641.85 m2 (area of leased land)
|Size and structure
||SRC, 2 basement levels, 7 above-ground floors
||SRC, 3 basement levels, 7 above-ground floors
|Total floor area
||19,907.49 m2 (official register)
||4,528.10 m2 (official register)
||November, 1973 (41 years old)
||April, 1997 (17 years old)
2. Profile of Hulic
||Hulic Co., Ltd.
||125 (non-consolidated, as of June 30, 2014)
||¥22,279 million (as of June 30, 2014)
||Real estate ownership, leasing, buying and selling, and brokerage
This announcement contains forward-looking statements. These forward-looking statements are based on Mitsui's current assumptions, expectations and beliefs in light of the information currently possessed by it and involve known and unknown risks, uncertainties and other factors. Such risks, uncertainties and other factors may cause Mitsui's actual results, financial position or cash flows to be materially different from any future results, financial position or cash flows expressed or implied by these forward-looking statements. These risks, uncertainties and other factors referred to above include, but are not limited to, those contained in Mitsui's latest Annual Securities Report and Quarterly Securities Report, and Mitsui undertakes no obligation to publicly update or revise any forward-looking statements.
This announcement is published in order to publicly announce specific facts stated above, and does not constitute a solicitation of investments or any similar act inside or outside of Japan, regarding the shares, bonds or other securities issued by us.