United Urban Investment Corporation
Notice Regarding the Conclusion of Land Lease Agreement (Shinsaibashi OPA Main Building)
United Urban Investment Corporation has concluded a lease agreement for the quasi-co-ownership interest in the land of Shinsaibashi OPA Main Building for temporary use from June 1, 2026 to May 24, 2029, with the initial year rent set at 686 million yen.
Key Figures
- Lease Period: 2026-06-01 to 2029-05-24
- Leased Area: 2,455.16㎡ (742.68 tsubo)
- Initial Year Rent: 686 million yen (2026-06-01 to 2027-05-24)
AI要約
Overview of the Land Lease Agreement
United Urban Investment Corporation has entered into a lease agreement with the transferee for the quasi-co-ownership interest in the land of the Shinsaibashi OPA Main Building for temporary use purposes. The lease period is from June 1, 2026 to May 24, 2029, covering a leased area of 2,455.16㎡ (742.68 tsubo). Rent will decrease stepwise according to the ownership ratio, with the initial year rent set at 686 million yen. No deposit or guarantee money is required, and rent revisions will not be made during the contract period.
Background and Terms of the Agreement
The investment corporation concluded a trust beneficiary rights sale agreement whereby the building portion was transferred in a lump sum and the land portion transferred in six installments, stipulating the temporary leasing of land to the transferee. As all conditions have been met, the lease agreement was concluded, permitting mid-term cancellation only upon cancellation or expiration of the sale agreement. Tenant names remain undisclosed.
United Urban Investment Corporation
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