Hankyu Hanshin REIT, Inc. announces Completion of Acquisition and Transfer of Domestic Real Estate Trust Beneficiary Interest
December 14, 2021 at 02:00 am EST
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Hankyu Hanshin REIT, Inc. announced that it has completed the transfer and acquisition of the following assets described in "Notice Concerning Acquisition and Transfer of Domestic Real Estate Trust Beneficiary Interest" announced on October 18, 2021. Summary of the Asset Transferred: Asset name: Sphere Tower Tennozu (equivalent of 33% quasi co-ownership); Date of transfer: December 10,2021; Location: Shinagawa-ku, Tokyo; Type of specified asset: Trust beneficiary interest; Transfer price (Note): JPY 8,600 million. Summary of the Asset Acquired: Asset name: H-CUBE MINAMIAOYAMA; Date of acquisition: December 14,2021; Location: Minato-ku, Tokyo; Type of specified asset: Trust beneficiary interest; Acquisition price (Note): JPY 6,650 million.
Hankyu Hanshin REIT, Inc., formerly Hankyu REIT, Inc. is a real estate investment trust (REIT) company. It aims to achieve stable earnings and sustainable growth of its investment assets to maximize investment value from mid- to long-term perspectives, by investing in commercial and office buildings mainly located in the Kansai area, which consists of Osaka, Kyoto, Hyogo, Nara, Shiga and Wakayama prefectures.Its top ten properties based on investment ratio were HEP Five, NU chayamachi, Shiodome East Side Building, Sphere Tower Tennoz, Takatsuki-Josai Shopping Center, Kitano Hankyu Building, LaLaport KOSHIEN (site), Dew Hankyu Yamada, LAXA Osaka and Namba-Hanshin Building. Hankyu REIT's asset manager is Hankyu REIT Asset Management, Inc.
HANKYU HANSHIN REIT, INC. 