Nomura Real Estate Master Fund (TYO:3462) will acquire the H1O Nihonbashi Kobunacho office in Tokyo for 4 billion yen from Nomura Real Estate Development on March 26, according to a Tuesday filing on the Tokyo Stock Exchange.

The fund said the acquisition aligns with its strategy to secure stable income and long-term portfolio growth by acquiring competitive properties while divesting assets with weaker prospects.

The H1O office is located near major transit hubs, including Mitsukoshimae and Nihombashi stations, and sits in a financial district near the Bank of Japan.

The fund expects stable rental demand due to the property's serviced office format and its location in a growing business hub.

Price (JPY): $143200.00, Change: $-200, Percent Change: -0.14%