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) announced plans to acquire the Nagoya Peace Building, an office property located in the vibrant Nishiki area of Nagoya, for ¥1.2 billion.
The acquisition is scheduled to close on March 2, 2026, with funding coming from a combination of debt and equity. The building, which spans eight floors and covers approximately 6,275 square meters, offers individual air conditioning and a parking facility capable of accommodating 45 vehicles. It currently houses 14 tenants generating total annual rent income of ¥251.9 million. The asset's NOI yield stands at 4.0% percent, with a projected unlevered internal rate of return of 4.0% percent based on the appraisal value.
This strategic move aligns with the company’s focus on expanding its portfolio within key commercial areas. The property's prime location near major transportation hubs and cultural landmarks positions it well for future growth and stability. HEIWA REAL ESTATE REIT expects the acquisition to contribute positively to its operational performance without significantly altering its forecasted earnings outlook for fiscal years ending May 2026 and November 2026. The transaction involves HEIWA REAL ESTATE REIT's asset management subsidiary, Heiwabenken Asset Management Co., Ltd., adhering to strict conflict-of-interest procedures due to the seller being a related party.
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