TOKYO, Mar 31 (Pulse News Wire) – Mori Trust Reit,Inc. (8961.T) received a notice of lease termination from Kobe Steel Co., Ltd., which occupies the entire ON Building.
The tenant plans to vacate the premises on March 31, 2027, affecting approximately 10,000 square meters of rentable space, representing roughly 1.5% of the building's total leasable area and 0.6% of the investment firm’s overall portfolio. Kobe Steel’s departure does not impact the projected operating conditions for the fiscal periods ending February 28, 2026, and August 31, 2026, as previously disclosed.
However, the company is evaluating various strategies, including potential sale, replacement tenants, or leasing alternatives for the property located in Chuo Ward. In the event of further developments concerning the ON Building, Mori Trust Reit will issue additional updates.
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