J-REIT Data

8972 KDX Investment Corporation

Kenedix Office Investment Corporation to Acquire 2 Office Buildings.

(Aug. 25, 2014)

Kenedix Office Investment Corporation (TSE Code: 8972) acquires 2 properties (office buildings).

Acquisition      
Property name Hiroshima Ekimae-dori Mark Building
Address  Hiroshima, Hiroshima
Acquisition price 1,300 million JPY
Expected NOI yield 6.3%
Cap rate 6.3%
Completion January 17, 1990
Acquisition date September 1, 2014
Seller Hiroshima Shouei Co., Ltd.
       
Property name Tosen Ikebukuro Building
Address Toshima-ku, Tokyo
Acquisition price 1,934 million JPY
Expected NOI yield 5.1%
Cap rate 4.7%
Completion July 30, 1988
Acquisition date September 3, 2014
Seller K.K. Eimei

Recent 5 news of KDX Investment Corporation
Nov. 6, 2014
Kenedix Office Investment Corporation : Issuance of New Investment Units and Secondary Offering of Investment Units, Acquisition of 5 Properties
Oct. 15, 2014
Kenedix Office Investment Corporation : Acquisition of "Urban Square Yokohama"
Sep. 30, 2014
Kenedix Office Investment Corporation to Acquire " Senri Life Science Center Building"
Jul. 8, 2014
Kenedix Office Investment Corporation Sells KDX Minami Semba Dai-1 Building / Nissou Dai-17 Building, and announced the refund of Preferred Securities.

ReitInfo.com

Property Acquisition Price Rankings

(Billions of yen)

1 Shinjuku Mitsui Bldg. 170
2 IIDABASHI GRAND BLOOM 139
3 Roppongi Hills Mori Tower 115
4 Shiodome Building 107
5 Tokyo Shiodome Building 83
Unit Price Growth Rankings
1 ORIX JREIT +0.79%
2 CRE Logistics +0.79%
3 Activia Properties +0.61%
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