Source disclosure: February 10, 2026
HEIWA REAL ESTATE REIT,Inc. [8966.T]
TOKYO, Feb 10 (Pulse News Wire) – Heiwa Real Estate Reit,inc. (8966.T) plans to acquire the Nagoya Heiwa Building located near the Nagoa Station, which offers excellent transportation connectivity and prime commercial real estate opportunities.
The building spans approximately 2,340 square meters per floor and includes individual air conditioning and a mechanical parking lot capable of accommodating 45 vehicles. With a NOI yield of 5.2% and a depreciation-adjusted NOI yield of 4.8%, the asset presents potential for increased rental income and stable tenant demand.
The acquisition is scheduled for March 2, 2026, with a purchase price of 1.2 billion based on a valuation of ¥1.3 billion as of January 2026. The property was constructed in 2010 and is part of the company's strategy to expand its portfolio in the highly regarded Ei area managed by sponsor firm Heiwa Real Estate Co., Ltd.
This move aligns with their focus on mid-sized office properties within the investment trust’s primary target range.
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