International
MC-UBSR was established in 2000 in the initial days of the J-REIT market as a joint venture between Mitsubishi Corporation and UBS Asset Management’s Real Estate & Private Markets business.
What has been discussed by the institutional investors' delegations at this year's MIPIM RE-Invest exhibition that is been held these days in Cannes.
The hotel is let on a triple net lease for a further 15 years, expiring March 2037 with four-yearly upward only rent reviews.
The lowering of the Country Ceiling to 'B-' reflects the expected impact of capital controls in impeding transfer and convertibility.
Under the terms of the acquisition, each McKay shareholder will be entitled to receive 209 pence per share in cash