Tokyu REIT, Inc.
Notice Regarding Acquisition of Domestic Real Estate (Togoshi Ginza Round Building, Tokyu Susukino Building)
Tokyu Real Estate Investment Corporation will acquire the Togoshi Ginza Round Building (3.15 billion yen) and Tokyu Susukino Building (2.4 billion yen) on April 15, 2026, aiming to enhance the qualitative aspects of its portfolio.
Key Figures
- Acquisition price of Togoshi Ginza Round Building: 3,150 million yen
- Acquisition price of Tokyu Susukino Building: 2,400 million yen
- Acquisition date: 2026-04-15
AI要約
Overview and Rationale of Acquired Assets
Tokyu Real Estate Investment Corporation has decided to acquire the Togoshi Ginza Round Building in Shinagawa-ku, Tokyo, and the Tokyu Susukino Building in Aoba-ku, Yokohama, Kanagawa Prefecture. The Togoshi Ginza Round Building offers high transportation convenience, expected stable rental income, and rental upside potential, while the Tokyu Susukino Building is anticipated to provide stable customer traffic and high profitability as a community-based commercial facility. Both properties are acquired from Tokyu Corporation, aiming to improve portfolio quality as part of the asset management strategy.
Relationship with the Seller and Future Outlook
The seller, Tokyu Corporation, is the sponsor of this investment corporation and the parent company of the asset management company. The acquisition was approved through multiple procedures based on the related party transaction regulations, with a second opinion obtained. The acquisition funds are covered by own capital, and the impact on the operating status for the fiscal period ending July 2026 is expected to be minimal. Going forward, the company will monitor trends in the capital and real estate markets, aiming for asset value enhancement and growth in investment unit profits.
Tokyu Real Estate Investment Corporation
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