Fukuoka REIT (TYO:8968) sold a 16% quasi-co-ownership interest in the Tenjin North Front Building to ORIX JREIT (TYO:8954) on Thursday, according to a filing with the Tokyo Stock Exchange on Friday.
The property was sold for 1.02 billion yen, with payment settled based on the disposition price calculated on the disposition date, it said.
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