How long does PIA plan to hold the asset in the Tokyo project?

The planned holding period for the asset in the Tokyo project is typically determined by the investment strategy and market conditions considered during the acquisition process. A five-year holding period indicates a strategy that focuses on capturing value appreciation and possibly considering operational improvements over that timeframe.

This period allows the investment to mature and allows sufficient time for market conditions to change positively. Holding an asset for five years often aligns with common practices in real estate investments, where investors intend to enhance the value through strategic management, renovations, or other value-add strategies before potentially selling or refinancing.

Other holding periods, such as two years or ten years, would imply different strategies. A two-year period may suggest a more short-term focus, possibly on quick gains from minor improvements, whereas a ten-year period typically reflects a long-term investment strategy, where the investor may anticipate significant market growth or stabilization over a longer horizon. An indefinite holding period would indicate an intention to retain the asset without a clear exit strategy, which differs from the proactive management associated with a defined five-year plan.