Japan Real Estate Investment Corporation

2026/04/10 Updated
Market Cap: $5.4B (¥864.4B)
Stock Price: $764.24 (¥121,500)
Exchange Rate: 1 USD = ¥158.98

Notice Regarding Acquisition of Domestic Real Estate and Domestic Real Estate Trust Beneficiary Rights

Japan Real Estate Investment Corporation announced plans to acquire Comore Yotsuya in Shinjuku-ku, Tokyo (7.1% interest, 15,540 million yen) and Sapporo Arch Building in Sapporo, Hokkaido (100% interest, 8,175 million yen) (dated 2026-03-19).

Importance:
Page Updated: March 19, 2026
IR Disclosure Date: March 19, 2026

Key Figures

  • Comore Yotsuya Acquisition Price: 15,540 million yen (7.1% interest)
  • Sapporo Arch Building Acquisition Price: 8,175 million yen (100% interest)
  • Acquisition Decision Date: 2026-03-19

AI要約

Overview of Acquired Assets

Japan Real Estate Investment Corporation has decided to acquire Comore Yotsuya in Shinjuku-ku, Tokyo (additional acquisition of 7.1% interest, acquisition price of 15,540 million yen) and Sapporo Arch Building in Sapporo, Hokkaido (100% interest, acquisition price of 8,175 million yen). Comore Yotsuya is a high-spec office building completed in 2020, located in a prime central location just a 2-minute walk from Yotsuya Station, with thorough environmental considerations and business continuity planning (BCP) measures. Sapporo Arch Building is a newly built office building completed in 2025, situated in a prime location 4 minutes on foot from Odori Station in central Sapporo, featuring high environmental performance and safety.

Reason for Acquisition and Future Outlook

Both properties have excellent locations and high core specifications, and the acquisition is considered to contribute to enhancing the portfolio's medium- to long-term competitiveness and expanding asset scale. Funding for the acquisition will be covered by proceeds from new investment unit issuance for Comore Yotsuya and borrowings for Sapporo Arch Building. The impact on operations for the fiscal year ending March 2026 is expected to be minor, and no revisions to the operational forecasts have been made. Please refer to separately published materials for detailed operational forecasts from the fiscal year ending September 2026 onward.

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