Japan Metropolitan Fund Investment Corporation [8953.T]
TOKYO, Jun 24 (Pulse News Wire) – Japan Metropolitan Fund Investment Corporation (8953.T) announced the acquisition of a residential property named Apartment Hotel 11 Shinsaibashi Amemura 2 located at Osaka, Osaka Shi Chuuou Ku Nishishinsaibashi Ni Choume18-13. The asset was purchased for approximately 2.400 billion based on a valuation of ¥2.750 billion.
The closing is scheduled for June 29, 2026. The investment aims to create future capital returns through a value-added strategy targeting an estimated IRR of around 11%. The property will be transformed into a mixed-use facility combining and retail space, leveraging technology partnerships to enhance revenue streams. HIWIN, a comprehensive hospitality tech firm, will operate the property under their "Apartment Hotel 11" brand, which began operations in April 2026.
The location's proximity to major transportation hubs and anticipated growth in inbound tourism make it strategically attractive. HIWIN’s existing properties in the area have shown strong occupancy rates and average daily rates, supporting optimistic projections for increased revenues and profitability. The transaction includes a mix of fixed and performance-based rental agreements designed to benefit from rising demand. The company expects to achieve an IRR of more than 11% and a sale profit of over ¥500 million upon eventual resale.
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