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February 22, 2001 |
Transfer of Fixed Assets Announced |
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Mitsubishi Estate Co., Ltd. announced today that, in
accordance with a decision made in the board of directors
meeting held earlier in the day, the Mitsubishi Soken
Building in Otemachi, Chiyoda-ku, Tokyo, is to be placed
into a trust and the real estate trust beneficiary certificate
issued be transferred to MRB Investment, established
on March 1, 2001 for the purpose of liquidating assets.
The transfer takes place as part of asset liquidation
in the reorganization of company’s asset portfolio
for the purpose of expediting redevelopment of the Marunouchi
District. Details of the transfer are as follows.
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| Building Location: |
2-3-6, Otemachi, Chiyoda-ku, Tokyo, Japan |
| Land Area: |
3,441 square meters (including roadway area to
be built under city planning) |
| Building Type: |
Steel-framed reinforced-concrete,15 floors aboveground/two
floors underground |
| Building Floor Space: |
26,675 square meters |
| Construction Completed: |
July 1970 |
| Transfer Price: |
27,261 million yen |
| Profit from Transfer: |
21,173 million yen |
| Buyer: |
MRB Investment Co., Ltd., Chuo-ku, Tokyo, Japan
Representative Director: Kenichi Nakagawa |
| Trustee: |
Sumitomo Trust & Banking Co., Ltd. |
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| Gain from the transfer will
be posted as extraordinary profit in the financial statements
for the term ending March 2001. The gain was factored
into the company’s projected business results (non-consolidated
and consolidated) announced November 22, 2000. |
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