Scheduled acquisition of Nagoya Heiwa Building (quasi co-ownership interest 70%) in the Sakae area of Nagoya City. Acquisition price is JPY 5,110 million with scheduled acquisition date on 2026-03-02.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"8966","jir_company_name":"Heiwa Real Estate Investment Corporation","jir_importance":"\u2605\u2605\u2605\u2606\u2606","jir_publication_date":"2026-02-10","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/02\/8966-20260210-01.pdf","jir_short_summary":"Scheduled acquisition of Nagoya Heiwa Building (quasi co-ownership interest 70%) in the Sakae area of Nagoya City. Acquisition price is JPY 5,110 million with scheduled acquisition date on 2026-03-02.","jir_summary":"### Overview of Scheduled Acquisition Asset\nNagoya Heiwa Building is located a 5-minute walk from Sakae Station on the Nagoya Municipal Subway Higashiyama and Meijo Lines, offering high transportation convenience. It is situated in the center of the Sakae area, where department stores such as Matsuzakaya and Mitsukoshi and other commercial facilities are concentrated, with cultural facilities nearby. The building was completed on 2004-03-22 and has a total floor area of 8,964.70\u33a1. It features 45 spaces in a mechanical parking lot, supporting tenant demand based on business vehicle usage. The scheduled acquisition price is JPY 5,110 million, with an appraised value of JPY 5,453 million (as of January 2026). The NOI yield is 4.0%, and the NOI yield after depreciation is 3.6%. The rent gap rate is -10.2%, indicating expected internal growth through increased rental income.\n\n### Impact on the Investment Corporation and Future Outlook\nThis acquisition will strengthen the portfolio in the Sakae area. Heiwa Real Estate Co., Ltd. is the sponsor company owning multiple properties in the Sakae area, and leveraging operational expertise in this area is considered a benefit. The scheduled acquisition date is 2026-03-02, with expectations for increased rental income and stable demand. Although improvement in the rent gap rate is anticipated leading to internal growth, attention should be paid to the negative rent gap rate.","jir_financial_highlights":"Scheduled Acquisition Price: JPY 5,110 million (Unknown)\nAppraised Value (as of January 2026): JPY 5,453 million (Unknown)\nNOI Yield: 4.0% (Unknown)\nNOI Yield After Depreciation: 3.6% (Unknown)\nRent Gap Rate: -10.2% (Unknown)","jir_category":"","jir_hashtags":"#HeiwaRealEstateInvestmentCorporation, #DomesticAssetAcquisition, #RealEstateInvestmentTrust","jir_key_figures":"Scheduled Acquisition Price: JPY 5,110 million\nAppraised Value (as of January 2026): JPY 5,453 million\nNOI Yield: 4.0%\nNOI Yield After Depreciation: 3.6%\nRent Gap Rate: -10.2%","jir_meta_title":"Heiwa Real Estate Investment Corporation Scheduled to Acquire Nagoya Heiwa Building for JPY 5,110 million","jir_meta_description":"Heiwa Real Estate Investment Corporation plans to acquire a 70% quasi co-ownership interest in Nagoya Heiwa Building located in Nagoya City's Sakae area for JPY 5,110 million. Acquisition date is 2026-03-02, with NOI yield of 4.0% and a rent gap rate of -10.2%.","jir_og_title":"Heiwa Real Estate Investment Announces Acquisition of Nagoya Heiwa Building","jir_og_description":"Scheduled acquisition of Nagoya Heiwa Building in the Sakae area of Nagoya City for JPY 5,110 million. The property is expected to generate stable increasing rental income.","jir_og_image_url":"\/assets\/og\/company-m_and_a_alliance.jpg","jir_chart_data_collection":"[]","ir_related_company":8996,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"m_and_a_alliance","footnotes":""},"sector":[],"importance":[],"class_list":["post-27311","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n