[Real Estate Transactions] Seibu and others to acquire hotel and Western-style building at Tokyo Garden Terrace Kioicho, with REIT inclusion also under consideration

A Seibu Holdings subsidiary and an SPC funded by Seibu Holdings and Tokyo Century have acquired sectional ownership in Tokyo Garden Terrace Kioicho in Kioicho, Chiyoda-ku. They are also considering contributing the property to a REIT in the future.

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The story

Seibu Real Estate, a Seibu Holdings subsidiary, and an SPC funded by Tokyo Century have acquired sectional ownership in Tokyo Garden Terrace Kioicho in Kioicho, Chiyoda-ku.

The property being acquired is sectional ownership in Tokyo Garden Terrace Kioicho and is expected to be held by the joint venture.

As part of future considerations, the possibility of contributing the acquired assets to a REIT is being considered.

This is one of the transactions reported by Nikkei Real Estate Market Information, and future developments may attract attention.

At a glance

Reporting entityan SPC funded by Seibu Real Estate, a Seibu Holdings subsidiary, and Tokyo Century

PropertyAcquisition of sectional ownership of Tokyo Garden Terrace Kioicho

LocationKioicho, Chiyoda-ku

MetricConsideration of acquiring sectional ownership and contributing it to a REIT

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