Announced details
U.S. rental housing, real estate, North American real estate portfolio
The property was jointly acquired with the other parties. Other capital, personnel and business relationships: Not disclosed.
Kennedy Wilson: headquartered in California, U.S.; Chairman and CEO: William McMorrow. Hulic Co.,Ltd.: headquartered in Chuo-ku, Tokyo; President and Representative Director: Maeda Tatsuya (前田 隆也). Other business details, capital and year of establishment: Not disclosed.
1 S Market St, San Jose, CA 95113
In this announcement the company addresses none of Contract Value / Offering price / Impact on Business Performance.
| Item | Details |
|---|---|
| Names of Products / Services Covered | One South Market (U.S. rental housing) |
| Counterparty | Kennedy Wilson, Hulic Co.,Ltd. |
| Counterparty overview | Kennedy Wilson: headquartered in California, U.S.; Chairman and CEO: William McMorrow. Hulic Co.,Ltd.: headquartered in Chuo-ku, Tokyo; President and Representative Director: Maeda Tatsuya (前田 隆也). Other business details, capital and year of establishment: Not disclosed. |
| Relationship with the Company | The property was jointly acquired with the other parties. Other capital, personnel and business relationships: Not disclosed. |
| Applicable area | U.S. rental housing, real estate, North American real estate portfolio |
| Location | 1 S Market St, San Jose, CA 95113 |
| Location scale | Site area: approximately 3,900 m²; leasable area: approximately 26,311 m²; residential units: 312 |
Items this document does not state (11)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.San Jose offers good access to locations across Silicon Valley, where technology companies are concentrated, and demand for housing from high-income workers is expected. The acquisition is also intended to expand the company’s North American real estate portfolio and achieve sustainable growth in corporate value.