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Sign in Sign up for a FREE subscriptionMitsubishi Estate sells stakes in two Tokyo assets for $234m
Mitsubishi Estate is selling stakes in an office building and a WeWork-occupied, mixed-use tower in Tokyo for a total of JPY 32 billion ($234 million) to Japan Real Estate, a Tokyo Stock Exchange-listed REIT.
The assets are a half-stake in the Argyle Aoyama, a 20-story office, hotel, and retail tower in Tokyo’s Minato ward with a gross floor area of 22,010 square meters (236,914 square feet), and 9 percent interest in Toyosu Foresia, a 16-story office building spanning 98,176 square meters (1.6 million square feet) in Koto ward.
