Japan Metropolitan Fund Investment Corporation will acquire the trust beneficiary interest in Attend on Tower, an office building in the Shin-Yokohama area of Kohoku-ku, Yokohama. The agreement will be signed on 30 September 2026, with the acquisition scheduled for 30 October 2026 at a scheduled acquisition price of ¥9.2 billion.
Japan Metropolitan Fund Investment Corporation announced on 30 September 2026 that it will acquire the trust beneficiary interest in Attend on Tower, an office building in Kohoku-ku, Yokohama. The sale and purchase agreement was signed on the same date, and the acquisition is scheduled for 30 October 2026. The acquisition price is ¥9.2 billion, approximately 13% below the appraisal value of ¥10.6 billion.
The property is a real estate trust beneficiary interest in Attend on Tower, which will be renamed JMF Building Shin-Yokohama 01 following the acquisition. The seller has not been disclosed, while the beneficiary listed in the trust register is the special purpose company Bryan as of 30 September 2026.
The NOI yield is 4.8% based on appraisal NOI. The property is located at 2-8-12 Shin-Yokohama, Kohoku-ku, Yokohama, Kanagawa Prefecture, and was completed in April 2009. The building has 18 above-ground floors and one basement floor, a site area of approximately 411 tsubo, total floor area of approximately 3,832 tsubo, 18 tenants and a 100% occupancy rate, all as of the end of June 2026.
In addition to the key terms, including the agreement date, scheduled acquisition date and price, disclosed information includes the designer, Irie Miyake Architects; the contractor, Obayashi Corporation; and the trustee, Sumitomo Mitsui Trust Bank.