Starts Proceed Investment Corporation [8979.T]
TOKYO, Mar 26 (Pulse News Wire) – Starts Proceed Investment Corporation (8979.T) announced the acquisition of four properties through its asset management subsidiary, Starts Asset Management Co., Ltd. The acquisitions are scheduled to take place on March 31, 2026, and April 24, 2026, with a total estimated cost of 2,854,000.
The acquired assets include Proseed Kashiwanuma 3, located in Chuo Ward, Tokyo, and another property in Fuchu City, Tokyo. Additionally, two more properties, Proseed Takarazuka South and Proseed Katori Tower, are also part of the deal. Proseed Katori Tower was previously sold in April 2026 due to buyback tax savings but continues to perform well post-transfer. Proseed Kashiwanuma 3, built in 1991, comprises 29 rental units and is valued at ¥980 million.
It benefits from high convenience with nearby shopping facilities and easy access via public transport. The Fuchu City property, constructed in 1992, consists of 24 rental units and is valued at ¥935 million. Both properties offer stable occupancy rates and strong potential for rent growth. The funding for these acquisitions will come partly from a loan announced earlier and partially from internal funds.
The transaction adheres to legal requirements and internal regulations, ensuring transparency and compliance.
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