Just after less than 1 week of posting on the possibility of Saizen Reit being acquired by another firm on my blog, the news is confirmed!! Existing shareholders of Saizen Reit would be happy hearing this news. Saizen Reit has been a good investment for me for the past 2 years. It is sad to bid goodbye to this stable income producing investment.
This is the confirmed news:
"Japan Residential Assets Manager Limited, in its capacity as manager of Saizen Real Estate
Investment Trust (“Saizen REIT”, and as manager of Saizen REIT, the “Manager”) wishes to
announce that HSBC Institutional Trust Services (Singapore) Limited, in its capacity as trustee of
Saizen REIT, has on 31 October 2015 accepted an offer (the “Offer”) for the acquisition of all the real estate assets (the “Properties”) in Saizen REIT’s portfolio in Japan by Triangle TMK for an agreed purchase consideration of JPY44,660.......