Japan Excellent, Inc. completed the acquisition of 2.3% stake in Co-ownership Interests in GRAND FRONT OSAKA Umekita Plaza, South Building and North Building from Nippon Steel Kowa Real Estate Co., Ltd.
December 08, 2023
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Japan Excellent, Inc. (TSE:8987) agreed to acquire 2.3% stake in Co-ownership Interests in GRAND FRONT OSAKA Umekita Plaza, South Building and North Building from Nippon Steel Kowa Real Estate Co., Ltd. for ¥8.3 billion on November 6, 2023. The transaction will be funded from debt financing and funds on hand. Execution of purchase agreement is scheduled on November 7, 2023. The transaction is expected to complete on December 8, 2023.
Japan Excellent, Inc. (TSE:8987) completed the acquisition of 2.3% stake in Co-ownership Interests in GRAND FRONT OSAKA Umekita Plaza, South Building and North Building from Nippon Steel Kowa Real Estate Co., Ltd. on December 8, 2023.
Japan Excellent, Inc. is a real estate investment trust (REIT) company. It aims to achieve sustainable growth in asset and stable earnings from mid- to long-term perspectives. It primarily invests in office buildings located in Tokyo's six central wards, central Osaka and Nagoya, Tokyo's surrounding areas, including Kanagawa, Saitama and Chiba Prefectures, as well as other government-designated cities. Its property portfolio includes Kowa Kawasaki Nishiguchi Building, Akasaka Garden City, Omori Bellport D, AKASAKA INTERCITY, Musashikosugi Tower Place, Daiba Garden City Building, Kowa Kawasaki Higashiguchi Building, Shiba 2-Chome Building, JEI Hamamatsucho Building and No.44 Kowa Building. The asset manager of the Fund is Japan Excellent Asset Management Co., Ltd.
Japan Excellent, Inc. completed the acquisition of 2.3% stake in Co-ownership Interests in GRAND FRONT OSAKA Umekita Plaza, South Building and North Building from Nippon Steel Kowa Real Estate Co., Ltd.