TOKYO, Mar 10 (Pulse News Wire) – Hulic Reit,inc. (3295.T) decided to sell five properties, totaling ¥21.2 billion, to Hulic Co., Ltd., which is related to its asset management firm.
The sale includes four network centers and one other asset located in various cities across Japan. The decision was based on a comprehensive evaluation considering factors such as growth potential, profitability, and risk elements. The properties being sold were acquired in 2014 and have maintained steady income through long-term lease contracts but face increasing maintenance costs due to their age. Selling these assets will help realize capital gains and return value to investors.
The transaction is expected to close on March 16, 2026, with payment received on the same day. A portion of the proceeds will be used to prepay debt, as detailed in a separate announcement released today. The impact on operations for the fiscal year ending August 31, 2026, is anticipated to be minor. In addition to the sale, Hulic Reit reported acquiring one property and partially selling another in the fiscal year ended February 2026.
The company's portfolio adjustments aim to optimize returns and manage risks effectively.
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