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    Sekisui House REIT Acquires Prime Properties in Tokyo with a Focus on Growth

    Opublikowano przez Adam Nowacki włączony 27 grudnia, 2023
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    Sekisui House REIT, a leading trust listed on the Tokyo Stock Exchange, has made noteworthy strides in expanding its investment portfolio in the capital city. The recent acquisition of four properties in Tokyo marks a significant move for the company, with a total investment of JPY 11 billion ($77 million), making it the largest set of purchases for Sekisui House REIT in 2023.

    These strategic acquisitions consist of three rental residential assets located in the highly sought-after wards of Ota, Koto, and Kita. In addition, the trust has acquired an office building in the vibrant district of Shinjuku, further strengthening its foothold in key locations throughout Tokyo. The intention behind these investments is to bolster Sekisui House REIT’s office and residential portfolios, ultimately enhancing its overall earnings base.

    Among the properties acquired, the Shinjuku Hirose Building stands out as a highlight. This 10-storey property, encompassing 3,120 square meters of office and retail space, benefits from an exceptional location near popular transportation hubs. Situated within walking distance of the Yotsuya-sanchome Japan rail station and Shinjuku-gyoemmae subway station, the Shinjuku Hirose Building is strategically positioned to attract tenants seeking convenient access to transportation and proximity to iconic landmarks like the Meiji Jingu Shinto shrine.

    G10 Japan 4 TMK, a special purpose company formed by undisclosed investors in 2021, sold the Shinjuku Hirose Building to Sekisui House REIT. This transaction, valued at JPY 5 billion, exemplifies the trust’s aim to acquire high-value assets and bolster its presence in prime Tokyo locations.

    In addition to the Shinjuku property, Sekisui House REIT has also agreed to purchase apartment buildings in Ota, Koto, and Kita wards from developer Tokyo Nissho Estem for JPY 6 billion. Although these properties are currently unoccupied, with one still under construction and the others recently completed, Sekisui House REIT intends to initiate leasing activities promptly. By maximizing occupancy in the spring of 2024, which is known as the busy season for the domestic rental housing market, the trust aims to achieve early profitability.

    These recent acquisitions build upon Sekisui House REIT’s ongoing efforts to strengthen its portfolio in the Japanese real estate market. Previous transactions include the purchase of the Liberte Noborito apartment block in Kawasaki and the sale of Sha Maison Stage Kanazawa Nishiizumi in Kanazawa city.

    With a clear focus on properties with strong growth potential and attractive locations, Sekisui House REIT remains committed to expanding its presence and optimizing its returns in the ever-evolving Tokyo real estate market.

    The source of the article is from the blog oinegro.com.br

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