Japan Metropolitan Fund Investment Corporation [8953.T]
TOKYO, Mar 31 (Pulse News Wire) – Japan Metropolitan Fund Investment Corporation (8953.T) announced today its decision to acquire a commercial property named “(Provisional Name) Matinoma Kokushofu” located near the Seibu Ikebukuro Line's Kokushofu station. The acquisition is scheduled for February 19, 2027, with Mitsubishi Estate Urban Development Co., Ltd.
(Code Number 80%) as the seller and Takumi Kogyo Corp. (Code Number 20%) as the developer. The property, set to complete construction in November 2026, includes a supermarket operated by Nishitetsu and is expected to attract multiple tenants due to its prime location. The investment firm plans to leverage its operational expertise and relationships with sponsors KKR and Mitsubishi Estate Group to enhance future revenue potential through active management strategies.
Key details of the transaction include a purchase price of ¥4.240 billion and a valuation of ¥5.600 billion. The agreement stipulates that the property will be transferred upon completion of construction and obtaining necessary permits. Additionally, the firm secured commitments from several prospective tenants, ensuring a balanced mix of retail businesses. This acquisition follows the successful development of "Matinoma Omiya," positioning "Matinoma Kokushofu" as part of their strategic growth cycle aimed at increasing total returns and enhancing asset value.
The deal is contingent on the completion of the adjacent high-rise residential project slated for December 2027, which is anticipated to boost foot traffic and tenant interest.
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