Trading firm Itochu Corp plans to buy Nippon Residential Investment Corp and merge it with its own real estate investment trust to make the fourth-largest listed REITItochu plans to combine Nippon Residential with its REIT, Advance Residence Investment Corp, to improve investment efficiency. The deal would be the first merger of REITs in Japan, which would make the combined company the fourth-largest listed REIT, with assets of about 390 billion yen.

[Nikkei Daily Business(28/7/2009)]

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