Activia Properties Inc.
Notice Regarding the Transfer of Domestic Real Estate Trust Beneficiary Rights (Kobe Kyukyoryuchi 25 Bankan)
Decision to transfer trust beneficiary rights for Kobe Kyukyoryuchi 25 Bankan for a total of 26,258 million yen. A gain of 7,093 million yen is expected compared to the book value of 19,164 million yen. The transfer is planned to be executed in four installments from May 2026 to June 2027.
Key Figures
- Total Transfer Amount: 26,258 million yen
- Total Book Value: 19,164 million yen
- Difference between Transfer Amount and Book Value: 7,093 million yen
AI要約
Overview of the Transfer
Activia Properties Inc. has decided to transfer the real estate trust beneficiary rights for Kobe Kyukyoryuchi 25 Bankan for a total of 26,258 million yen. The book value of the transferred asset is 19,164 million yen, resulting in a difference of 7,093 million yen compared to the transfer price. The transfer will be executed in four installments from May 2026 to June 2027, with J. Front Urban Development Co., Ltd. as the transferee. The asset is an urban commercial facility that has maintained high occupancy rates leveraging its prime location; however, considering the yield level and internal growth potential, the sale was decided as part of an asset replacement strategy.
Outlook and Asset Portfolio
Following this transfer, the portfolio will consist of 44 properties with a total acquisition price of 520.4 billion yen. The capital gain will be partially retained internally and used to stabilize and enhance investor value over the medium to long term. Impact on operational status for the fiscal periods ending May and November 2026 is detailed in the earnings report for the fiscal period ending November 2025. The company will continue its asset replacement strategy while leveraging networks of asset management companies and sponsors.
