TOKYO, Mar 24 (Pulse News Wire) – Daiwa Office Investment Corporation (8976.T) announced plans to acquire two domestic real estate investment trusts (REITs) and sell another property. The acquisitions include the Hamamatsucho PREX building and the Prime Sendagaya Building, while the company will divest the Daiwa Azabudai Building.
The asset swap is expected to significantly boost the company's net operating income (NOI). According to the revised forecast for the fiscal year ending May 2026, the transaction will increase the dividend payout by 4.3%. The Hamamatsucho PREX building, located near major transportation hubs such as JR Hamamatsucho Station, offers high accessibility and modern office facilities, enhancing the overall portfolio performance.
Additionally, the acquisition of the Prime Sendagaya Building, situated in a prime location close to Shibuya Station, aligns with the company’s strategic investment goals in rapidly developing areas. Both properties feature advanced security systems, spacious layouts, and excellent connectivity to commercial districts, catering to diverse tenant needs. The company expects the combined effect of these transactions to enhance its operational efficiency and revenue generation capabilities, leading to improved financial outcomes for shareholders.
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