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Japan

Kenedix Office Investment Acquires Shinbashi M-Square Bright Property June 29, 2020 — Kenedix Office Investment Corporation announced that it has decided to acquire Shinbashi M-SQUARE Bright  for 16.3 billion yen (US$150 million). The scheduled date of acquisition is June 30, 2020 and Kenedix plans to settle the payment in full. “The Acquisition is implemented with the …

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Fukuoka REIT Corporation Buys Park Place Oita Property June 26, 2020 — Fukuoka REIT Corporation announced that Fukuoka Realty Co., Ltd., an asset management company to which the company entrusts the management of its assets, decided to acquire the Home Plaza NAFCO at Park Place Oita. Located at 2-Chome, Koen-dori Nishi, Oita City, Oita, the …

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Asia Pacific REITs

ORIX JREIT Announces Applicable Interest Rates of the Debt Financing June 19, 2020 — ORIX JREIT Inc. announces that the applicable interest rates of the debt financing, announced on June 17, 2020, were determined as follows. Lender Loan amount (JPY million) Applicable interest rates Drawdown date Maturity date  Remark  Sumitomo Mitsui Banking Corporation 1,500 0.379% …

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ORIX JREIT Announces New Debt Financing June 5, 2020- ORIX JREIT announced that the asset management company, ORIX Asset Management Corporation, determined new debt financing of 3,000,000,000 yen in total, with 2,000,000,000 from Mizuho Bank, Ltd. and 1,000,000,000 from the Bank of Fukuoka, Ltd. The scheduled timing of disbursement is on June 15, 2020. Read …

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Japan real estate

Industrial & Infrastructure Fund Investment Corporation Completes Acquisition Of Atsugi Manufacturing Center June 2, 2020 — Industrial & Infrastructure Fund Investment Corporation (IIF) announced that IIF completed the acquisition of one of the five properties that it plans to acquire as previously announced in the press release titled “IIF to Acquire and Lease Five Properties in …

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Fukuoka REIT Corporation Completes Acquisition Of Higashi Hie Business Center III June 1, 2020 — Fukuoka REIT Corporation announced that it has completed the acquisition of the following property. Overview of Acquisition1) Type of asset for acquisition: Real estate trust beneficiary interest (Trustee: Mitsubishi UFJ Trust and Banking Corporation) 2) Property name: Higashi Hie Business …

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Fukuoka REIT Asset Manager Appoints New Director May 29, 2020 — Fukuoka REIT Corporation (FRC) announced the details of the retirement of a director at Fukuoka Realty Co., Ltd. (FR), a licensed asset management company retained by FRC to provide asset management services, as well as a resolution made at FR’s Board of Directors’ meeting …

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Ichigo Office Announced Fixed Interest Rate For New Loan May 28, 2020 — Ichigo Office announced that it has fixed the interest rates for the first payment date of the two loans announced in the May 25, 2020 release as “New Loans.” Ichigo Office also executed an interest rate swap to lock in the interest …

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