Daiwa Office Investment Corporation (TSE:8976) agreed to acquire 75% stake in CONCURRED Yokohama from Godo kaisha Yokohama Office Management for ¥38.1 billion on December 19, 2017. In a related transaction, Daiwa Office Investment Corporation (TSE:8976) agreed to acquire Nippon Manpower Building for ¥4.2 billion on December 19, 2017. The consideration will be funded from the loans to be announced, proceeds from transfer of Daiwa Meieki Building and funds on hand. The transaction is expected to close on January 11, 2018. Daiwa Real Estate Apparaisal Co., Ltd., acted as an appraiser in the transaction. Daiwa Office Investment Corporation (TSE:8976) completed the acquisition of 75% stake in CONCURRED Yokohama from Godo kaisha Yokohama Office Management on January 11, 2018.