Komori
Other Disclosures8844COSMOS INITIA Co.,Ltd.Real estate

Notice Regarding the Acquisition of an Income-Producing Property

The Company acquired a rental housing property in Shinjuku-ku, Tokyo. Following the acquisition, it plans to enhance the value of the building and sell it as a revitalized existing property.

Worth reading
43Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Neutral
Direction inferred from the company’s description.
Scale
1596.65
m² (gross floor area)
Wording
Conditional
How definitive the wording is.

Announced details

Existing Housing Stock Revitalization Business (Income-Producing Real Estate)
Applicable field (uses covered by this announcement)

Rental housing, real estate development, and the revitalization and sale of existing real estate

Relationship between the counterparty and the company
COSMOS INITIA Co.,Ltd.8844
Relationship with the Company

There are no capital or personal relationships with the counterparty that should be disclosed.

Location (as indicated in this announcement)

6-chome, Shinjuku, Shinjuku-ku, Tokyo

Gross floor area: 1,596.65 m²; 32 total units; seven-story reinforced-concrete building
Impact on Business Performance

The impact on consolidated results for the time being is expected to be immaterial. If a material impact becomes apparent, the Company will disclose it promptly.

The company does not address Contract Value / Offering price.

Announced details
ItemDetails
Names of Products / Services CoveredExisting Housing Stock Revitalization Business (Income-Producing Real Estate)
Relationship with the CompanyThere are no capital or personal relationships with the counterparty that should be disclosed.
Applicable areaRental housing, real estate development, and the revitalization and sale of existing real estate
Location6-chome, Shinjuku, Shinjuku-ku, Tokyo
Location scaleGross floor area: 1,596.65 m²; 32 total units; seven-story reinforced-concrete building
Impact on Business PerformanceThe impact on consolidated results for the time being is expected to be immaterial. If a material impact becomes apparent, the Company will disclose it promptly.
Items this document does not state (12)
CounterpartyCounterparty overviewContract ValueOffering priceContract DateLaunch dateAward/certification nameAwarding / certifying bodyRegistration number and expiry dateQuantitative EffectsUsage historySource

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.

In addition to promoting the existing housing stock revitalization business, primarily in the Tokyo metropolitan area, the property is conveniently located within a 3-minute walk of Higashi-Shinjuku Station, offers excellent access to major central Tokyo areas, and is expected to benefit from stable demand for rental housing.

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Notice Regarding the Acquisition of an Income-Producing Property | COSMOS INITIA Co.,Ltd. (8844) timely disclosure | Komori