Source disclosure: January 07, 2026
Nippon Building Fund Inc. [8951.T]
TOKYO, Jan 07 (Pulse News Wire) – Nippon Building Fund Inc. (8951.T) announced plans to acquire two properties and sell one, expanding its portfolio.
The firm agreed to purchase “Japan Bridge M-SQUARE” for ¥32.11 billion and “Fucho Bay Side Cross Tower” for ¥14.81 billion. Both acquisitions are scheduled for completion by March 31, 2026. Additionally, the fund will sell “Sumitomo Electric Construction Building” to Mitsui Fudosan for ¥10.00 billion by June 30, 2026, resulting in a loss of ¥5.112 billion. This transaction aims to strengthen the investment trust's asset base and improve NOI metrics while reducing average building age.
As of September 30, 2025, the trust had total assets of ¥9.84 trillion and net assets of ¥3.34 trillion. Major shareholders include Nomura Trust Bank (trust account) with a stake of 17.33% percent and Sumitomo Trust Bank (trust account) holding 6.86% percent. The acquisition of “Japan Bridge M-SQUARE,” developed by Mitsui Fudosan and Kajima Corporation, represents a significant addition to the portfolio, enhancing long-term profitability. Meanwhile, the sale of the older “Sumitomo Electric Construction Building” aligns with strategic real estate management goals.
AI-translated content. 🟡 Confidence: Standard See terms • Original filing