estate as REIT's assets are permissible under the following two cases: purchasing real estate and acquiring the ownership of the property (freehold); investing in leasehold contracts. The REIT will lease
listed company plans to construct a new office and enters into a land lease contract with major shareholders. The lease contract specifies that the ownership of the building will be transferred to the land
years as from revenue generation). 9. An IFF shall procure commercial benefits from leasing or arranging leasehold agreements with other parties (IFF shall not operate infrastructure businesses). 10. An