Trading house Marubeni Corp. said Tuesday it has agreed to sell its Osaka headquarters to an investment fund run by Nihon Sogo Fund Co.
The 12.5 billion yen cash deal will be signed in early July, Marubeni said.
After the transfer of the building at the end of September, Marubeni will continue to use it under a 10-year lease. The building has a book value of 10.2 billion yen.
Marubeni, which is reassessing its assets to strengthen its financial base, said the deal will not affect its earnings outlook for the current year.
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