12th Jan 2015 09:30
LONDON (Alliance News) - Japan Residential Investment Company Ltd Monday said its investment property values rose 3.8% in yen terms in the year to end-November on a like-for-like basis, better than the 3.0% increase recorded by external appraisals in the previous 12 months.
In a statement, the company said the aggregate value of the fund investment property grew 35.3% to JPY46.18 billion, or GBP249 million, as a result of new acquisitions and valuation gains during the year to November 31, 2014.
The largest valuation gains in percentage terms were in Nagoya, up 4.5%, followed by Tokyo, up 4.4%, Osaka, up 2.9%, and other locations, up 2.9%, on a like-for-like basis.
Its shares were untraded Monday morning, having last traded at 53.00 pence.
By Steve McGrath; [email protected]; @stevemcgrath1
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
JRIC.L