KDX Realty Investment Corporation [8972.T]
TOKYO, Jun 08 (Pulse News Wire) – KDX Realty Investment Corporation (8972.T) announced plans to sell its commercial property asset, Life Takaten Store (ground lease), for approximately ¥3.690 billion on December 01, 2026. The sale price exceeds the estimated book value and recent appraisal value, ensuring potential gains.
Located in Osaka, the property has generated stable cash flow through a long-term lease agreement with a major supermarket chain. However, due to limited upside potential amid rising inflation, the investment firm decided to prioritize portfolio optimization and enhance returns. The transaction will be settled entirely upon completion of the sale.
Following the sale, KDX expects to record a real estate disposal gain of approximately ¥330 million in the fiscal year ending April 30, 2027. Details of the anticipated impact on operations for the fiscal year will be disclosed on June 17, 2026. The buyer, Hankyu Hanshin Properties Co., Ltd., headquartered in Osaka, currently holds assets valued at ¥84.27 billion as of November 30, 2025.
The transaction does not involve related party transactions and is subject to standard breach penalties outlined in the sales contract.
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