TOKYO, Apr 06 (Pulse News Wire) – RealGate Inc. (5532.T) announced today that it has entered into a purchase agreement for a property located in Tokyo, Chuuou Ku Ginza.
The acquisition is part of its strategic business alliance with HuLIC Corp. disclosed on February 03, 2026, aimed at expanding its share in the real estate secondary market through joint investments exceeding ¥100.0 billion. The property consists of land and buildings with a total area of approximately 2,500 square meters. It includes a nine-story reinforced concrete structure with underground parking facilities and offices. Upon completion of renovations, the property will be transformed into an apartment hotel and retail space with around 40 rooms. Details of the seller and transaction price remain confidential due to non-disclosure agreements.
However, the estimated cost exceeds 30% percent of the company's net assets as of September 2025 (¥3.351 billion). Funding will come from internal resources and bank loans, though specifics are yet to be finalized. Scheduled closing is set for July 2026, with phased rights transfers based on renovation progress. Initially, RealGate will acquire the building alone, followed by mutual sales with HistoRy LLC upon project completion, resulting in RealGate holding a combined interest of 15% in the land and buildings. No changes are expected to the fiscal year ending September 2026 earnings forecast at this time. Any significant updates will be promptly disclosed.
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