Japan Real Estate Investment Corporation
Notification Regarding Domestic Real Estate Transfer
Japan Real Estate Investment Corporation plans to transfer the JRE Tenjin Crystal Building in Fukuoka City (transfer price: 6,630 million yen) in two stages, anticipating a total transfer gain of 3,320 million yen.
Key Figures
- Transfer Price: 6,630 million yen (3,315 million yen each in two stages)
- Estimated Transfer Gain: 3,320 million yen (1,660 million yen each)
- Rental Business Revenue: 157 million yen (as of the end of September 2025)
AI要約
Overview and Reason for Transfer of Assets
Japan Real Estate Investment Corporation has decided to transfer the JRE Tenjin Crystal Building located in Chuo-ku, Fukuoka City, Fukuoka Prefecture. The transfer price is 6,630 million yen, and the ownership stake will be transferred in two stages, each constituting 50%. The property is over 30 years old, posing risks of increased repair and renewal costs. Given the need to closely monitor the supply and demand trends for office buildings in the Tenjin area of Fukuoka City, the decision was made to proceed with the transfer. The expected gain on transfer is 3,320 million yen.
Impact of Transfer and Future Outlook
Proceeds from the transfer will be allocated toward loan repayments and future acquisitions of specified assets. The impact on operating results for the fiscal periods ending March 2026 and September 2026 is expected to be minimal, and there is no revision to the operational forecast. A portion of the transfer gain will be retained internally utilizing the special provisions of the Tax Special Measures Law. The transferee is undisclosed and is not a related party.
