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(Sep. 26, 2014)
Japan Real Estate Investment Corporation (TSE Code: 8952) announces the acquisition of "Shinjuku Eastside Square".
| Acquisition | |||
| Property name | Shinjuku Eastside Square | ||
| Address | Shinjuku-ku, Tokyo | ||
| Acquisition price | 23,100 million JPY | ||
| Expected NOI yield | 4.4% | ||
| Cap rate | 4.4% | ||
| Completion | March, 2012 | ||
| Acquisition date | October 1, 2014 | ||
| Seller | Shinjuku Rokuchome Special Purpose Company (TMK) | ||
(Billions of yen)
| 1 | Roppongi Hills Mori Tower | 115 |
|---|---|---|
| 2 | Tokyo Shiodome Building | 110 |
| 3 | Shiodome Building | 107 |
| 4 | Kitanomaru Square | 82 |
| 5 | Garden City Shinagawa Gotenyama | 72 |
| 1 | ITOCHU Advance Logistics | +1.23% |
|---|---|---|
| 2 | Daiwa Securities Living | +1.13% |
| 3 | Hankyu Hanshin REIT | +0.79% |
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