Nomura Real Estate Master Fund, Inc.
Announcement Regarding Acquisition of Domestic Real Estate
Nomura Real Estate Master Fund, Inc. plans to acquire two recently built high-quality properties in Tokyo — "GEMS Tachikawa" (JPY 3.05 billion) and "Proud Flat Kiyosumi-dori" (JPY 5.83 billion) — for a total of JPY 8.88 billion.
Key Figures
- Total Planned Acquisition Price: 8,880 million yen
- GEMS Tachikawa Appraised Value: 3,200 million yen
- Proud Flat Kiyosumi-dori Appraised Value: 6,860 million yen
AI要約
Overview and Rationale of Planned Acquisition Assets
Nomura Real Estate Master Fund, Inc. plans to acquire two recently built, high-quality properties in Tokyo for a total of JPY 8,880 million. The acquisition properties are "GEMS Tachikawa" (commercial facility, JPY 3,050 million) and "Proud Flat Kiyosumi-dori" (residential facility, JPY 5,830 million). Both properties are valued for their excellent transportation accessibility and stable income generation. The acquisitions will be made from sponsor Nomura Real Estate Co., Ltd., leveraging the rental value chain to aim for stable medium- to long-term income and asset growth.
Property Details and Future Outlook
"GEMS Tachikawa," completed in September 2024, is a commercial facility located two minutes on foot from JR Tachikawa Station with 100% occupancy and an appraised value of JPY 3,200 million. "Proud Flat Kiyosumi-dori," completed in February 2024, is a residential complex located seven minutes on foot from Tokyo Metro Kiyosumi-shirakawa Station with 95.4% occupancy and an appraised value of JPY 6,860 million. The acquisition is scheduled for March 6, 2026, will have no impact on the fiscal year ending February 2026 financial results, and is expected to have a minor impact on the operational status for the fiscal period ending August 2026.
