Notice Regarding Acquisition and Transfer of Domestic Real Estate Trust Beneficiary Interests (Acquisition of Additional Interest in Akasaka Intercity AIR and Acquisition of Aqua Town Nayabashi, Transfer of BIZCORE Akasaka Mitsuke)

Transaction Overview

Japan Excellent Investment Corporation plans to additionally acquire an interest in Akasaka Intercity AIR for JPY 5,545 million on 2026-03-19 and acquire the trust beneficiary interest of Aqua Town Nayabashi for JPY 6,000 million on 2026-02-27. Meanwhile, the trust beneficiary interest of BIZCORE Akasaka Mitsuke is scheduled to be transferred for JPY 6,450 million on 2026-07-03. The acquisition funds will be financed through borrowings and internal funds, with the settlement conducted in a lump sum.

Reasons for Transaction and Asset Details

Akasaka Intercity AIR is a large-scale building with strong competitiveness, expected to generate increased rental income, and the replacement with BIZCORE Akasaka Mitsuke aims to enhance portfolio growth potential. Aqua Town Nayabashi, located in central Nagoya, is a mixed-use facility comprising offices, retail spaces, and parking lots, intended to enrich the portfolio. Both properties excel in environmental considerations and seismic performance, with appraised values of JPY 5,940 million and JPY 6,200 million respectively. The planned transfer of BIZCORE Akasaka Mitsuke anticipates a gain, with a transfer price of JPY 6,450 million against a book value of JPY 6,065 million.

Future Outlook

Prospects for the fiscal periods ending June and December 2026 are guided to reference the financial summary for the fiscal period ending December 2025. This asset replacement aims to strengthen portfolio competitiveness and improve profitability.