Japan Excellent, Inc.
Notice Regarding Transfer of Domestic Real Estate Trust Beneficiary Interests and Transfer of Domestic Real Estate (Daimon Garden City Building, Sapporo Otemachi Building, Urawa SH Building)
Decision to transfer the domestic real estate trust beneficiary interests and transfer of domestic real estate for Daimon Garden City Building, Sapporo Otemachi Building, and Urawa SH Building, with explicit figures for transfer price and book value differential. Disclosure of transferee overview, intermediary information, and schedule of transfer for each property.
Key Figures
- Planned transfer price (A) Daimon Garden City Building: 10,700百万円
- Planned transfer price differential (A): 2,024百万円
- Planned transfer price (B) Sapporo Otemachi Building: 4,795百万円
AI要約
Overview of the Transfer
The asset management company entrusted with the operation by this investment corporation has decided to transfer the trust beneficiary interests and a portion of the transferred assets of Daimon Garden City Building, Sapporo Otemachi Building, and Urawa SH Building. Details of the transferee and intermediary, contract signing date, transfer date, and payment receipt date are provided for each property.
Background of the Transfer and Implications Going Forward
For each property, the rationale for the transfer is explained from the perspective of yield and competitiveness. Daimon Garden City Building is being sold due to low yields in the Tokyo city center area, Sapporo Otemachi Building considering age and increased surrounding supply, and Urawa SH Building partially transferred in light of the urban planning road project. Future operation trends and appraisal values will be disclosed in the Financial Summary.
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