Nippon Building Fund Inc.
Notice Regarding Acquisition of Domestic Real Estate Trust Beneficiary Rights and Domestic Real Estate and Transfer of Domestic Real Estate Trust Beneficiary Rights (Acquisition of “Nihonbashi Honcho M-SQUARE” and One Other Property and Transfer of “Sumitomo Densetsu Building”)
Nippon Building Fund Inc. will acquire Nihonbashi Honcho M-SQUARE and one other property for a total of approximately JPY 46.918 billion and plans to transfer the Sumitomo Densetsu Building for JPY 10 billion. The transaction aims to expand asset scale and enhance profitability.
Key Figures
- Acquisition Price of Nihonbashi Honcho M-SQUARE: 32,108 million yen
- Acquisition Price of Toyosu Bayside Cross Tower (additional acquisition): 14,810 million yen
- Planned Transfer Price of Sumitomo Densetsu Building: 10,000 million yen (Transfer Profit and Loss: 5,112 million yen)
AI要約
Overview of the Transaction
Nippon Building Fund Inc. has decided to acquire Nihonbashi Honcho M-SQUARE and Toyosu Bayside Cross Tower (additional acquisition) for a total of approximately JPY 46.918 billion on 2026-01-07, and to transfer the Sumitomo Densetsu Building for JPY 10 billion. The acquired assets are newly constructed office buildings developed by Mitsui Fudosan and Kajima Corporation, while the transferred asset is a 34-year-old property. The expected transfer profit is approximately JPY 5.112 billion.
Purpose of the Transaction and Impact on the Portfolio
This transaction aims at medium- to long-term enhancement of profitability and building a robust portfolio. The acquired properties have excellent transportation access, superior environmental performance, and business continuity planning (BCP) features. The transfer will rejuvenate the portfolio’s building age, leading to improvements in NOI amount and NOI yield. The acquired properties achieve a 100% occupancy rate, and major tenants include companies from growth industries.
