MORI TRUST REIT, Inc.
(Disclosure Update) Notice Regarding Tenant Change (Termination of Lease) (ON Building)
At the ON Building owned by Mori Trust Sogo REIT, Inc., Kobe Steel, Ltd., the tenant, plans to terminate the building lease agreement as of March 31, 2027. The area to be terminated is 20,654.60 ㎡, equivalent to 100.0% of the rentable area of the property.
Key Figures
- Terminated Area: 20,654.60 ㎡ (100.0% of the property’s total rentable area)
- Proportion of Total Rentable Area of the REIT: 4.1%
- Scheduled Termination Date: 2027-03-31
AI要約
Overview of Tenant Change
Mori Trust Sogo REIT, Inc. has received a notice of termination of the building lease agreement from Kobe Steel, Ltd., the sole tenant leasing the entire ON Building. The terminated area is 20,654.60 ㎡, which corresponds to 100.0% of the total rentable area of the property and accounts for 4.1% of the REIT's total rentable area. The scheduled termination date is March 31, 2027. Monthly rent and security deposits are undisclosed.
Future Outlook
Since the scheduled termination date is March 31, 2027, there will be no impact on the operational status for the fiscal periods ending February 2026 and August 2026. Regarding the management plans after the tenant vacates the property, multiple options such as property sale, tenant replacement, and leasing to successor tenants are being considered, and the REIT will provide timely updates should any reportable events arise.
Mori Trust Sogo REIT, Inc.
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