10th Dec 2015 09:52
LONDON (Alliance News) - Japan Residential Investment Co Ltd on Thursday said its occupancy rate improved year-on-year in November.
The company said its portfolio occupancy rate at the end of November was 95.3%, up from 95.1% a year earlier. Its average occupancy for the 12 months to the end of November was 95.3%.
Japan Residential is currently in the process of being acquired by US private equity and real estate investor Blackstone via Nikko II Pte Ltd, a newly-incorporated bidding vehicle, for GBP152.6 million.
Japan Residential shares were flat at 71.75p on Thursday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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