The sale consideration has been paid in cash by after the relevant adjustments have been made under the terms of the agreement.
Parkway Life REIT, through its special purpose entity incorporated in Japan, has entered into a purchase and sale agreement with real estate investment firm Hulic Co for the sale of an industrial property in Japan known as P-Life Matsudo for a consideration of 2.9 billion yen ($37.1 million).
Completion of the agreement has taken place on Jan 29.
