Lead Real Estate Co. Announces Business Alliance Agreement With Samurai Capital Co; As Per The Agreement, A Trust Beneficiary Interest Purchase Agreement Totaling ~$26.1M Was Concluded

Lead Real Estate Co., Ltd. (NASDAQ:LRE) ("LRE" or "the Company"), a Japanese real estate developer of luxury residential properties including single-family homes and condominiums across Tokyo, Kanagawa prefecture and Sapporo, today announced that it has entered into a business alliance agreement with Samurai Capital Co., Ltd. an ESG-conscious real estate investment company also based in Tokyo.

As per the agreement, which was signed on May 30, 2024, a trust beneficiary interest purchase agreement totaling approximately 4.1 billion Japanese yen, or about US$26.1 million, was concluded.