Kenedix Office Investment Corporation (KDO), Kenedix Residential Next Investment Corporation (KDR) and Kenedix Retail REIT Corporation (KRR) are set to merge as a single entity.

The decision to merge the three REITs, which were listed on the Tokyo Stock Exchange between July 2005 and February 2015, was made amid continued instability in the Japanese REIT market.

These include instability in the Japanese office market and continued “fear for the rise in the long-term interest rates due to future changes of the monetary policies by the Bank of Japan”, said the REITs.

Dear members, please login to continue reading this article.

Don’t miss out on information beyond mainstream media reports that may impact your investments.
Login or sign-up for a free 25-day trial here. Why subscribe?

By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.