Mitsui Fudosan sells Shinjuku's flagship building to Nippon Building Fund for a total of 217 billion yen

Mitsui Fudosan sells Shinjuku's flagship building to Nippon Building Fund for a total of 217 billion yen

[Tokyo 9th Reuters] --Mitsui Fudosan <8801.T> announced on the 9th that it will transfer its flagship property, Shinjuku Mitsui Building, etc. to Nippon Building Fund Investment Corporation <8951.T> for a total of 217 billion yen. Allocate the proceeds from the sale to better assets and use the funds efficiently. The Shinjuku Mitsui Building will be transferred for 170 billion yen, and the GranTokyo South Tower (divided ownership) will be transf…