Daiwa Office Investment Corporation (TSE:8976) agreed to acquire Nippon Manpower Building for ¥4.2 billion on December 19, 2017. In a related transaction Daiwa Office Investment Corporation agreed to acquire CONCURRED Yokohama from Godo kaisha Yokohama Office Management for ¥38.1 billion. The consideration will be funded from loans which are to be announced, proceeds from transfer of asset and cash on hand. The transaction is expected to close on January 12, 2017. Japan Real Estate Institute acted as appraiser for transaction. Daiwa Office Investment Corporation (TSE:8976) completed the acquisition of Nippon Manpower Building on January 12, 2018.