Continued decline. Mitsubishi Estate announced the signing of a joint venture agreement and the acquisition of land for self-storage facility development. Mitsubishi Estate and jointly acquired the same property to develop and operate indoor self-storage facilities. Although the acquisition price was not disclosed, the amount of burden will be based on the proportion of the joint venture and will be less than 30% of the net assets in the fiscal year ending September 2023. By jointly promoting the business from the acquisition of the same property with Mitsubishi Estate, the two parties aim to improve the asset value of the property by mutually sharing their strengths. However, due to unfavorable market conditions, it continued to decline.
パルマ---続落、三菱地所とセルフストレージ施設開発に関し共同事業協定書を締結
Palma--continued decline, mitsubishi estate signed a joint venture agreement regarding the development of self-storage facilities.
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