Relo Group has acquired a 51% stake in Hot House, a Sendai-based real estate company, to strengthen its market position and enhance its relocation services.
Target Information
Relo Group has acquired Hot House, a comprehensive real estate company based in Sendai, through its wholly-owned subsidiary, Relo Partners (Tokyo), as of March 29, 2017. This acquisition includes the purchase of a 2% stake from KSK Family Trust, a private asset management company led by President Atsushi Kusaka, increasing Relo Partners’ ownership from 49% to 51%. As a result of this transaction, the ownership stake of KSK Family Trust is reduced to 49%, and President Atsushi Kusaka will take a position on the board of Relo Partners.
Hot House was established in 1992 and has reported revenues of approximately 5.242 billion yen. The company focuses primarily on property acquisition, resale, and sales brokerage, which lends to a solid operational foundation in the real estate market.
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Industry Overview
The real estate sector in Japan, particularly in regions like Sendai, has shown resilience and growth potential in recent years. The market is characterized by a combination of traditional practices and the adoption of modern technologies, leadin
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