Japan Metropolitan Fund Investment Corporation will sell the land underlying the Life Shitadera store in Naniwa-ku, Osaka, in 2027. The sale price is expected to be ¥6.1 billion, with a gain on sale of approximately ¥4.3 billion.
Japan Metropolitan Fund Investment Corporation announced its policy of selling the land underlying the Life Shitadera store in Naniwa-ku, Osaka. The buyer has not been disclosed, and the sale price is ¥6.1 billion.
The purpose of the sale is to sell land generating fixed rent and rotate into inflation-responsive assets. The gain on sale is expected to be approximately ¥4.3 billion, which is expected to be distributed in installments over the 51st fiscal period (fiscal year ending August 2027) and the 52nd fiscal period (fiscal year ending February 2028).
The earnings forecast reflecting the sale has not yet been announced and is scheduled to be disclosed in the financial results summary for the fiscal year ending August 2026, which is due to be released in October.