OREANDA-NEWS. March 11, 2011. Mitsui & Co., Ltd. ("Mitsui", head office: Tokyo, President and CEO: Masami Iijima) decided to acquire the land and building of "Ohtemachi PAL Building" ("the Property") from Promise Co., Ltd. ("Promise") jointly with Mitsui Fudosan Co., Ltd. (head office: Tokyo, President and CEO: Hiromichi Iwasa). Mitsui will acquire 50% portion of joint ownership of the Property for Ґ36.0 billion, which will be leased to Promise for their headquarter use.

1. Outline of the Property to be acquiredName of asset Ohtemachi PAL Building
Address 2-4, Ohtemachi 1-chome, Chiyoda-ku, Tokyo, Japan
Land area 2,760.39m2
Total floor area 27,923.18m2
Completion date 1961
Type of ownership 50% portion of joint ownership of the Property
Acquisition Price JPY 36.0 billion


2. Outline of Seller(1) Corporate name Promise Co., Ltd.
(2) Location of head office 2-4, Ohtemachi 1-chome, Chiyoda-ku, Tokyo, Japan
(3) Representative Ken Kubo,
President and Representative Director, CEO
(4) Capital JPY 80,737 million
(5) Business activities Consumer finance

3. Acquisition scheduleMarch 14, 2011 Execution of agreement for the acquisition of the Property (scheduled)
March 22, 2011 Settlement and handover (scheduled)

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