25th Jun 2015 09:43
LONDON (Alliance News) - Japan Residential Investment Co Ltd on Thursday said its portfolio increased in value in the year to the end of May, as the value of its investment properties increased on a like-for-like basis.
The company said its portfolio was valued at JPY46.8 billion at the end of May, up JPY981 million, or 2.1%, from the end of May 2014.
On a like-for-like basis, the value of its investment property increased by 3.1% over the year, boosted by gains in Tokyo, Osaka and Nagoya.
Shares in Japan Residential were untraded on Thursday, having last traded at 56.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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