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Cathay Real Estate Unit to Lease Assets for NT$49 Million

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Cathay Real Estate Development (TPE:2501) unit Lin Yuan Property Management will acquire right-of-use assets for NT$48.9 million, according to a Friday Taiwan Exchange filing.

The assets, comprising 205 car parking spaces and 313 motorcycle spaces, will be rented from related party Cathay Industrial Research and Design Center.

The parking facilities are located at the Cathay Industrial Research and Design Center in Taipei, with payments scheduled from Dec. 1, 2026, to Nov. 30, 2031.

The acquisition will expand the unit's parking garage business.

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