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FINWIRES

Dear Life Acquires Land, Income-Producing Property in Tokyo

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Dear Life (TYO:3245) acquired 1,371 square meters of land in Akatsuka 2-chome, Itabashi Ward, Tokyo, from an unnamed seller, according to a Thursday filing on the Tokyo Stock Exchange.

The land is intended for a condominium development project.

The Japan-based real estate company said that the transaction is funded through a combination of internal capital and borrowings from financial institutions.

In a separate filing, the company said that it has acquired a 2,520-square-meter, three-story income-producing property, DeLCCS, in Nerima-Takanodai, Tokyo.

The deal is financed through a combination of internal funds and borrowings from financial institutions.

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