2nd Feb 2007 11:31
Japan Residential Inv. Co. Ltd02 February 2007 Japan Residential Investment Company Limited 2 February 2007 Notice of Investment Activity This announcement is for information only, to update investors on investingprogress to date. Japan Residential Investment Company Limited (the 'Company') is pleased toannounce that investments in accordance with the Admission Document have beencontracted for in respect of 7 properties in Tokyo, Yokohama, Sapporo and Osaka. In addition, agreement has been reached with sellers on the commercial terms,subject to completion of due diligence, in respect of 9 further propertieslocated in Tokyo, Osaka, Nagoya, and Sendai. The Investment Advisor, KK Halifax Asset Management, believes that the Companywill be fully invested within 12 to 18 months of launch. Summary No. of assets Total acquisition priceCompleted 4 JPY 2.62 billionContracted 3 JPY 2.61 billionLetters of Agreement 9 JPY 10.16 billionTotal 16 JPY 15.39 billionGBP approximate equivalent GBP64,800,000 Enquiries: Colliers Halifax Alec Menikoff +81 3 5860 7408 Fairfax I.S. John Korwin-Szymanowski 020 7460 4376 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
JRIC.L