Mori Hills REIT Investment Corporation

3234.T
REIT - Diversified
2026/03/17 Updated
Market Cap: $1.7B (¥272.0B)
Stock Price: $904.13 (¥144,200)
Exchange Rate: 1 USD = ¥159.49

Notice Regarding Transactions with Related Parties (Mori Building Co., Ltd.) (Roppongi Hills Mori Tower)

Mori Hills REIT Investment Corporation renews the lease and property management operations outsourcing contract with Mori Building Co., Ltd. for the Roppongi Hills Mori Tower it owns, effective August 1, 2026, maintaining the monthly rent of JPY 99,298,930.

Importance:
Page Updated: March 17, 2026
IR Disclosure Date: March 17, 2026

Key Figures

  • Monthly Rent after Renewal: JPY 99,298,930 (Same as before renewal)
  • Leased Area: 8,993.45 sqm
  • Contract Period (Post-renewal): From August 1, 2026 to July 31, 2029

AI要約

Overview of Transactions with Related Parties

Mori Hills REIT Investment Corporation will renew the lease and property management operations outsourcing contract for the 23rd and 24th floors of Roppongi Hills Mori Tower, owned by the corporation, with Mori Building Co., Ltd., the major investor and parent company of the asset management company, effective August 1, 2026. The contract employs a fixed-type master lease method, covering a leased area of 8,993.45 sqm and a monthly rent of JPY 99,298,930, unchanged from before renewal. The contract period is three years from August 1, 2026 to July 31, 2029.

Procedures and Future Outlook

The asset management company has conducted procedures in accordance with the Investment Trust Act and the asset management entrustment contract, following the related-party transaction regulations to protect the interests of this investment corporation. For detailed future operational status, please refer to the 'Financial Summary for the January 2026 Term (REIT)' published on the same date.

This page uses AI to summarize IR materials from TDnet. Please refer to the original document for investment decisions.