Japan Metropolitan Fund Investment Corporation Acquires Trust Beneficiary Right In Chiba Property
October 13, 2021 – Japan Metropolitan Fund Investment Corporation announced that its asset manager determined to acquire the trust beneficiary right in JMF-Bldg. Funabashi 01.
The property is located at 44-35 Honcho 4-chome, Funabashi-shi, Chiba and is a mixed use building for retail and office spaces. The acquisition price as scheduled is 5 billion yen (US$44 million).
The REIT said the constant changes to the operating environment surrounding real estate, such as widespread e-commerce and remote working due to the rapid advancement in information technologies, and the trend of mixed-use by area and by property pushed them to acquire the property.
“JMF aims to optimize its portfolio in response to such changes. To this end, JMF will continue to secure stable earnings on a medium to long term basis and ensure steady growth of operating assets by promoting carefully-screened investment in retail facilities, office buildings, residences, hotels, and mixed-use properties used for a combination of those purposes, located mainly in urban areas,” the REIT said in a statement.
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