List Development Co., Ltd. entered into a purchase and sale agreement to acquire Yokohama Yamashitacho Building from Hulic Reit, Inc. (TSE:3295) for ¥4.8 billion on September 27, 2022. The transaction is expected to close on September 28, 2022. The balance after the allocation of gain from the transfer will be allocated as funds on hand, which are expected to be used to pay for future acquisitions and/or to repay loans.

List Development Co., Ltd. Completed the acquisition of Yokohama Yamashitacho Building from Hulic Reit, Inc. (TSE:3295) on September 28, 2022