A.D.Works corporation agreed to acquire Castalia Meieki Minami from Daiwa House REIT Investment Corporation (TSE:8984) for ¥1 billion on March 22, 2023. The asset recorded a revenue of ¥60 million and net operating income of ¥43 million. The parties of the transaction are expected to execute a share purchase agreement on March 23, 2023 and complete the transaction on March 30, 2023.

A.D.Works corporation completed the acquisition of Castalia Meieki Minami from Daiwa House REIT Investment Corporation (TSE:8984) on March 30, 2023.