Nippon Prime Realty Investment Corporation to Acquire Interests in JA Building and Keidanren Kaikan

Japan Prime Realty Investment Corporation will acquire a 12.1% co-ownership interest in the entire site of the 3 buildings, including JA Building and Keidanren Kaikan, as well as a 22.5% co-ownership interest in the sectional ownership of the buildings. The acquisition includes offices on floors 5–25 of JA Building and floors 6–14 of Keidanren Kaikan, retail space on basement level 1, and an interest in the entire site of the 3 buildings, including the adjacent Nikkei Building. The acquisition price is ¥32,800 million, against an appraised value of ¥36,100 million, representing an acquisition-price-based NOI yield of approximately 3.3% and a yield after depreciation of approximately 3.0%. The contract execution date is 16 October 2026, and the scheduled acquisition date is 23 October 2026.

Following the acquisition, the leasable area attributable to the investment corporation’s acquired interests will be approximately 3,465 tsubo, with 55 tenants and an occupancy rate of 96.6%. The buildings subject to the acquisition were completed in 2009 and are directly connected to Otemachi Station, while the 3 buildings are registered as an integrated property. The investment corporation has expanded its asset base by utilizing its pipeline and has indicated that it will continue acquiring other properties to pursue further growth in asset size.

As part of its subsequent acquisition activity, the investment corporation acquired an additional interest in Nakano Central Park East in February 2025, bringing its ownership to 100%, and acquired an additional interest in Grand Front Osaka in December 2025. Including this acquisition, its asset size on an acquisition-price basis will be ¥584.9 billion, with a target of at least ¥650 billion for the fiscal year ending June 2031.