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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 Acquisition
1) Type of asset for acquisition:

Real estate trust beneficiary interest

(Trustee: Mitsubishi UFJ Trust and Banking Corporation)

2) Property name:

Higashi Hie Business Center III
3) Acquisition price:

3,290 million yen (Note)
4) Acquisition date:

May 29, 2020
5) Funding:

Borrowings and cash on hand
6) Payment method:

Lump-sum payment upon delivery
7) Property Management Company:

Fukuoka Jisho Co., Ltd

(Note) The acquisition price does not include acquisition expenses, amounts equivalent to the settlement of property taxes and city planning taxes, consumption taxes on the building and other expenses

Read complete statement here

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