Source disclosure: January 22, 2026
Daiwa Securities Living Investment Corporation [8986.T]
TOKYO, Jan 22 (Pulse News Wire) – Daiwa Securities Living Investment Corporation (8986.T) announced today that it had decided to acquire Gran Casa Sumiyoshi II, a residential facility located in Koto Ward, Tokyo. The acquisition, valued at ¥1.440 billion, is scheduled to take place on March 31, 2026.
The property consists of a 10-story reinforced concrete building with 45 units, primarily comprising 36 one-bedroom and nine one-bedroom plus living room apartments. It is situated within walking distance of the Shinjuku Line's Sumiyoshi Station, offering convenient access to major areas such as Daiba. The building is set to be completed in March 2026 and includes modern amenities like intercom systems and security cameras. The investment aligns with the company’s strategy to diversify its portfolio and ensure stable long-term returns.
The asset was appraised by the Japan Real Estate Institute at ¥1.980 billion as of January 1, 2026. The transaction involves a forward commitment contract, which allows either party to terminate the agreement if obligations are not met. In such cases, the non-breaching party can request a penalty equivalent to 10% of the purchase price. Payment for the acquisition will be made entirely upon completion of the deal.
AI-translated content. 🟢 Confidence: High See terms • Original filing