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%
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