Following the completion of the divestment on Aug 30, Thakral’s real estate investment portfolio in Japan will have a total of six commercial buildings, with a combined area of around 430,000 square feet and 3 business hotels with a total of 336 rooms.
Thakral Corporation has realised a net gain of about $2.5 million compared to the original acquisition cost from the divestment of the Riverpoint Kitahama Building in Osaka, Japan. The sale price was also $84,000 more as compared to the carrying value as of 31 December, 2020.
The Riverpoint Kitahama Building is a 3,415 square metre office building near the Osaka Securities Exchange in Osaka’s financial district.
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