Ichigo Office REIT Investment Corporation
Notice of Asset Transfer
To strengthen the portfolio composition focused on mid-sized office properties, assets of Ichigo Shibuya Boulevard Street Building, Ichigo Kamata Building, and Ichigo Sagamihara Building will be transferred. Expected transfer gain of about 2.501 billion yen, transfer to domestic general business companies. The transfer plan is expected to impact distributions in the October 2026 term.
Key Figures
- Transfer gain: 2,501 百万円
- Total planned transfer price: 8,240 百万円
- Total appraisal value: 5,570 百万円
AI要約
Overview of Asset Transfer
The asset management company of this investment corporation has decided to transfer Ichigo Shibuya Cultural Village Street Building, Ichigo Kamata Building, and Ichigo Sagamihara Building to simple and mid-to-long-term portfolio optimization. The planned transfer price totals 8,240 million yen, with a total appraisal value of 5,570 million yen, and a transfer gain of 2,501 million yen expected. The transfer counterpart is assumed to be a domestic general business company, and by selling two commercial properties, the portfolio will be rebuilt to 100% office ratio.
Financial impact and future use
Funds from the transfer are planned to be returned to distributions in the October 2026 term, with 101 million yen retained internally to the extent that tax burden does not arise, and the remaining amount strategicly used for asset acquisitions and value enhancement through redevelopment. The transfer aims to maximize long-term investor value and will contribute to improved cash flow stability and profitability. It is expected to influence the operating results and distribution outlook for the October 2026 term.
Ichigo Officereit Investment Corporation
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