An unknown buyer cancelled the acquisition of A Real Estate Property Located at Shiba District in Minato-ku Ward in Tokyo from Urbanet Corporation Co.,Ltd..
January 14, 2017
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An unknown buyer agreed to acquire a real estate property located at Shiba district in Minato-ku ward in Tokyo from Urbanet Corporation Co.,Ltd. (JASDAQ:3242) on January 14, 2016. The transaction is expected to be completed in December 2016 and the handover of the property is expected to be completed by January 2017.
An unknown buyer cancelled the acquisition of A Real Estate Property Located at Shiba District in Minato-ku Ward in Tokyo from Urbanet Corporation Co.,Ltd. (JASDAQ:3242) on January 14, 2017.
Urbanet Corporation Co Ltd is a Japan-based company mainly engaged in the real estate business and hotel business. The Company operates its business through two business segments. The Real Estate segment is engaged in businesses related to real estate development and sales, real estate purchase and sales, real estate brokerage, real estate rental business and others. In principle, the development area focuses on Tokyo's 23 wards, where real estate prices are relatively stable, and within a 10-minute walk from stations. The customers for the investment studio apartments, which are the core of the business, are mainly wholesalers to studio sales companies, as well as general corporations, domestic and foreign investors, and high-net-worth individuals in Japan who are looking to prepare for inheritance tax. The Hotel segment is engaged in businesses related to hotel management, and others.
An unknown buyer cancelled the acquisition of A Real Estate Property Located at Shiba District in Minato-ku Ward in Tokyo from Urbanet Corporation Co.,Ltd..
URBANET CORPORATION CO.,LTD. 
