Japan Real Estate Investment Corporation (TSE:8952) agreed to acquire additional 4% interest in Shinjuku Eastside Square and 100% interest in CIRCLES Hirakawacho from Mitsubishi Estate Co., Ltd. (TSE:8802) for ¥10.3 billion on March 28, 2023. Following the transaction, JRE?s co-ownership interest will be the total 39% with this additional acquisition in Shinjuku Eastside Square. Japan Real Estate Investment intends to fund the acquisition thorough borrowings of ¥14.3 billion from Mizuho Bank, Ltd. and Sumitomo Mitsui Banking Corporation. Japan Real Estate Investment has scheduled contract date on March 30, 2023 and expected to transfer on March 30, 2023.

Japan Real Estate Investment Corporation (TSE:8952) Completed the acquisition of additional 4% interest in Shinjuku Eastside Square and 100% interest in CIRCLES Hirakawacho from Mitsubishi Estate Co., Ltd. (TSE:8802) on August 28, 2023.