MORI TRUST REIT, Inc.
Notice Regarding Tenant Change (New Lease) (ON Building)
Decided on a new tenant lease for the ON Building. Secured core tenants covering approximately 70% of the rentable area; lease commencement is from April 2027 onwards, with negotiations continuing for other units. Represents 2.8% of the total rentable area of the investment corporation, strengthening an internal growth strategy aimed at steady overall growth.
Key Figures
- 68.3%: Proportion of the property's total rentable area
- 2.8%: Proportion of the investment corporation's total rentable area
- Contract signing date: 2026-09-30
AI要約
Business Strategy and Acquisition of New Tenants
Decided to promote re-tenanting of the property and finalize a new lease agreement. Against a backdrop of a strong office market and increasing scarcity in central locations, core tenants were secured in an environment with potential for rental upside. By converting to a multi-tenant structure, tenant concentration risk is reduced, aiming for future rental growth opportunities through continued ownership. Negotiations for other units besides the new tenant are ongoing to enhance profitability and expand internal growth.
Outlook and Disclosure Policy
The new tenant's occupancy start date will be from April 1, 2027 onwards. Disclosure will be made if the matter falls into a period expected to exceed 5% of the sum of operating revenues for the most recent two fiscal periods. There are currently no revisions to the operating outlook for the fiscal periods ending August 2026 and February 2027. Focusing on the leased units, the aim is for stable growth in expected rent and related amounts.
MORI TRUST REIT, Inc.
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