Hulic Reit, Inc. cancelled the acquisition of Real Estate Trust Beneficiary Rights of Four Buildings in Tokyo from Hulic Co., Ltd..
March 23, 2021
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Hulic Reit, Inc. (TSE:3295) agreed to acquire Real Estate Trust Beneficiary Rights of Four Buildings in Tokyo from Hulic Co., Ltd. (TSE:3003) for ¥23.7 billion on March 24, 2020. The considertation shall be payable on delivery. These properties include Hulic Ryogoku Building in Sumida-ku, Tokyo, Hulic Asakusabashi Edo-dori Taito-ku, Tokyo, Hulic Mejiro Toshima-ku, Tokyo and Hulic Tsukiji 3 Chome Building Chuo-ku, Tokyo. Hulic Reit, Inc. will acquire Hulic Ryogoku Building in Sumida-ku, Tokyo, Hulic Asakusabashi Edo-dori Taito-ku, Tokyo, Hulic Mejiro Toshima-ku, Tokyo and Hulic Tsukiji 3 Chome Building Chuo-ku, Tokyo for ¥5.61 billion, ¥5.42 billion, ¥5.67 billion and ¥6.97 billion respectively. The transaction will be funded through cash on hand and borrowed funds of ¥19.2 billion from Mizuho Bank, Ltd.
Hulic Reit, Inc. (TSE:3295) cancelled the acquisition of Real Estate Trust Beneficiary Rights of Four Buildings in Tokyo from Hulic Co., Ltd. (TSE:3003) on March 24, 2021.
Hulic Reit Inc is a Japan-based diversified real estate investment trust (REIT). The Trust aims to maximize unitholder value by maintaining and improving earnings over the medium to long term and by achieving growth in the size and value of assets under management. The basic investment policy is to position Tokyo Commercial Properties as a priority investment target, investing about 80% of its portfolio. The investment targets are office and retail properties. In addition, the Trust also invest about 20% of its portfolio in Next Generation Asset Plus, which investment targets include fee-based nursing homes, network centers, and hotels. The asset management company is Hulic Reit Management Co Ltd.
HULIC REIT, INC. 
