Daiwa House REIT Investment Corporation agreed to acquire 28,002.92 sqm property at Hiratsuka, Kanagawa from TSI Holdings Co.,Ltd. for ¥5.6 billion.
January 20, 2017
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Daiwa House REIT Investment Corporation (TSE:8984) agreed to acquire 28,002.92 sqm property at Hiratsuka, Kanagawa from TSI Holdings Co.,Ltd. (TSE:3608) for ¥5.6 billion on January 20, 2017. An agreement is expected to be signed on January 31, 2017. The consideration is payable in cash and will be paid in full upon completion.
The consideration will be financed from cash reserves. The deal is expected to close on January 31, 2017. The board of TSI Holdings Co.,Ltd. resolved the deal.
Mizuho Trust & Banking Co., Ltd. acted as broker in the deal. Hiratsuka Retail Property acted as appraiser in the deal.
TSI Holdings Co., Ltd. is a Japan-based company mainly engaged in the apparel related business and other business. The Apparel Related segment is mainly engaged in the planning, manufacture and sale of fashion and apparel products such as women's clothing, men's clothing and fashion accessories, as well as the license brand business, and the production and logistics business. The Company is also engaged in the other businesses such as the sales agency and staffing business, the synthetic resin products manufacturing and sale business, the store design supervision business, the food and beverage business, as well as the import and sale of cosmetics and soaps. The brands include apparel brands such as ADORE, and wander, Apuweiser-riche, Arpege Story, AVIREX, BAIT, BOSCH, BEAVER and others, food and beverage brands such as Urth Caffe, Patisserie Slier and others, as well as licensed brands such as PRIVATE LABEL, VIVAYOU, Pinky Girls, VertDense, MATERIA, NOVESPAZIO, BRIGITTE and others.
TSI HOLDINGS CO.,LTD. 
