Advance Logistics Investment Corporation (JP:3493) has released an update.
Advance Logistics Investment Corporation (ADL) has announced the acquisition of three logistics real estate properties, in a strategic move to enhance its portfolio and profitability. The acquisition is aligned with the company’s long-term strategy of maximizing shareholder value and asset growth. Set for completion on November 1, 2024, the acquisition coincides with ADL’s planned merger with Mitsui Fudosan Logistics Park Inc., with the latter being the surviving entity.
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