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【NEWS】Business Merger Announcement

Business Merger Announcement

Dear Valued Clients,

We have been operating serviced apartments, serviced offices and hotels as a wholly owned subsidiary of Kenedix, Inc.

In order to extend the scope of our business and improve our service level, we have decided to merge with Kenedix Property Management, Inc (Headquarter: 5-1-9 Shimbashi, Minato-ku, Tokyo), also wholly owned subsidiary of Kenedix, Inc.

The effective date of the merger will be July 1, 2021, and the new company name will be Kenedix Property Design, Inc. as of the same date. Akira Komoda, Representative Director, will continue to be involved in the management as a director of the merging company, and will be responsible for the overall management of the serviced apartments, serviced offices, hotels, and other businesses, and there will be no change in the persons responsible for the departments of each business.

We will take this merger as the very exciting opportunity to integrate and align our business resources, enhancing our strength and expertise around property management and serviced offices/accommodation operations, so that we will expand our capability to provide solutions for the increasingly diverse needs of our existing and potential new customers in the market.

On this occasion, please allow us to express our sincere gratitude to our business partners and clients for their continued support and patronage.

Akira Komoda
Representative Director