Activia Properties Inc. [3279.T]
TOKYO, Jun 24 (Pulse News Wire) – Activia Properties Inc. (3279.T) announced the acquisition of A-FLAG Kyoto Shijo, a hotel property located in central Kyoto, for approximately ¥11.50 billion (excluding acquisition fees and taxes).
The purchase price is based on a valuation report prepared by SOMPO Japan Real Estate Research Institute dated May 31, 2026. The transaction is expected to close on September 24, 2026, subject to customary closing conditions. Located near major transportation hubs such as the subway and train stations, the property offers excellent accessibility to popular tourist destinations within Kyoto. It consists of a compact yet efficient design with guest rooms primarily configured for individual travelers, couples, and international tourists. The hotel's amenities, including breakfast facilities and communal areas, enhance long-term stays and tourism activities.
Activia Properties views this acquisition as part of its ongoing strategy to optimize its portfolio through asset swaps. Following the anticipated sale of another property, the Kobe Former Settlement 25th Building, this move aims to improve revenue performance, growth potential, and competitiveness. Post-acquisition, the portfolio will consist of 47 properties with a total acquisition cost of ¥553.6 billion. The property’s occupancy rate is projected at 100.0%, contributing to a net operating income (NOI) of ¥480 million annually. The asset management services and property management duties will be handled by Tokyu Community Corporation, a subsidiary of Tokyu Land Corporation.
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