Ichigo Office REIT Investment Corporation
Notice of Asset Acquisition (Ichigo Funabashi Building)
Ichigo Office REIT Investment Corporation plans to acquire the Ichigo Funabashi Building for 3,610 million yen. The acquisition date is scheduled for 2026-02-18, with an expected annual NOI of approximately 158 million yen and a yield of about 4.4%.
Key Figures
- Scheduled Acquisition Price: 3,610 million yen
- Appraised Value: 3,960 million yen
- Annual NOI (4th Year Forecast): Approximately 158 million yen (Yield about 4.4%)
AI要約
Overview of the Scheduled Asset Acquisition
Ichigo Office REIT Investment Corporation plans to acquire the Ichigo Funabashi Building (Property No. O-109). The property is a medium-sized office building constructed in July 1991 and located in Funabashi City, Chiba Prefecture. The scheduled acquisition price is 3,610 million yen, and the appraised value is 3,960 million yen. The acquisition funds will be financed by own capital and borrowings, with a lump-sum settlement at delivery. The contract execution date is 2026-02-16, and the property handover is scheduled for 2026-02-18.
Reason for Acquisition and Future Outlook
This acquisition anticipates income growth for a medium-sized office-focused REIT targeting an average annual total return above 8%. Funabashi City ranks second in Chiba Prefecture, after Chiba City, in terms of employee and business establishment numbers, and is an area with excellent transportation accessibility. After acquisition, efforts will be made to improve tenant satisfaction and asset value, aiming to strengthen a stable revenue base. The acquisition will also increase the portfolio’s office ratio to 98.3%. No significant changes are expected in the operational status or distribution forecasts for the fiscal year ending April 2026.
