Notice Regarding Acquisition of Domestic Real Estate Trust Beneficiary Interest 【 JMF Building Tsukuba 01】

Overview and Reason for Acquisition

Japan Urban Fund Investment Corporation plans to acquire the real estate trust beneficiary interest of the office building "JMF Building Tsukuba 01" located in Tsukuba City, Ibaraki Prefecture. The acquisition price is JPY 10,731 million, and the appraisal value is JPY 13,400 million, representing an unrealized gain ratio of 24.9%. The property is situated about a 5-minute walk from Tsukuba Station on the Tsukuba Express line, with a rental unit price expected to increase by 6.7% post-acquisition. The maximum contracted rent exceeds the average unit rent by 32.9%. NOI is projected to increase by 24.8% compared to the acquisition time, with further rent level hikes anticipated.

Property Details and Outlook

The property is a 19-story above-ground and 2-story underground office building with a total floor area of approximately 7,945 tsubo, making it one of the largest office buildings in the Tsukuba area. Tenants consist of 83 major companies from IT and telecommunications, finance and insurance, manufacturing industries, etc., with an occupancy rate of 100%. Post-acquisition, internal growth initiatives will be pursued to enhance profitability, and capital return strategies may be considered in the future. There is no impact expected on the fiscal year ending February 2026, and the impact on the August 2026 fiscal year is minor, with no changes to operational forecasts.