Activia Properties Inc. [3279.T]
TOKYO, Jun 30 (Pulse News Wire) – Activia Properties Inc. (3279.T) signed a lease agreement with Tokyu Resorts & Stay Co., Ltd.
For its A-FLAG Sapporo property, effective October 1, 2027, for a term ending September 30, 2047. The lease covers an area of 18891.39 square meters, representing 89.0% percent of the total leasable space at the property and 4.3% percent of the total leasable space managed by the investment trust. Additionally, the existing tenant, Tokyu Corporation, agreed to extend their lease until March 31, 2027, covering an area of 18891.39 square meters, which represents 89.0% percent of the total leasable space at the property and 4.3% percent of the total leasable space managed by the investment trust.
The new tenant's proposal includes renovation plans aimed at enhancing guest room and common areas, with the company planning to undertake these improvements independently and operate the facility over the long term. This move is expected to enhance the competitiveness and profitability of the A-FLAG Sapporo property. However, there will be no impact on the operational status for the fiscal year ending November 2026.
Details on the anticipated performance for the fiscal year ending May 2027 will be disclosed on July 16, 2026.
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