Mitsui Fudosan Retail Fund Investment Corporation
Notice Regarding Acquisition of Domestic Real Estate Trust Beneficial Interest
The investment corporation has decided to acquire a 25% quasi-co-ownership interest in Mitsui Outlet Park Yokohama Bayside. The acquisition price is 5,750 million yen (land 4,243 million yen, building 1,506 million yen), and the trust beneficial interest is scheduled to be acquired on 2027-03-01. The purpose is to expand the portfolio size and strengthen geographic diversification.
Key Figures
- Planned Acquisition Price: 5,750 million yen
- Land Acquisition Value: 4,243 million yen
- Building Acquisition Value: 1,506 million yen
AI要約
Overview and Background of the Acquisition
The investment corporation, through its asset manager, will acquire a quasi-co-ownership interest (25%) in Mitsui Outlet Park Yokohama Bayside. The sales contract signing date is set as 2026-10-20, and the acquisition of the trust beneficial interest is scheduled for 2027-03-01. Acquisition funds are expected to come from cash on hand and borrowings. The appraisal value is 5,930 million yen, and the final aggregated price is 5,825 million yen.
Portfolio Risk Diversification and Outlook
The acquired property is located in a waterfront area with high visitor traffic and is expected to attract many car-borne visitors. After acquisition, the corporation aims to expand portfolio scale and strengthen regional diversification, assuming long-term stable lease agreements. The disclosure also mentions conditions related to forward commitments and assumptions for financing. The impact on the financial summary for the fiscal period ending June 2026 has been incorporated into assumptions, and no major changes are currently planned.
Mitsui Fudosan Retail Fund Investment Corporation
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