Daiwa House REIT Investment Corporation (TSE:8984) agreed to acquire 50% stake in GRANODE Hiroshima from Daiwa House Industry Co.,Ltd. (TSE:1925) for ¥14.4 billion on February 7, 2020. As per the terms, payment of entire amount will be done upon transfer. In related transactions, Daiwa House REIT Investment Corporation agreed to acquire trust beneficiary interests in DPL Nagareyama I from Kabushiki Kaisha Nagareyama Kyodo Kaihatsu and an additional 70% stake in iias Tsukuba from Daiwa House Industry Co.,Ltd. Transaction is funded from proceeds from issuance of new investment units, debt financing and cash reserves. Japan Real Estate Institute acted as the appraisal in the transaction. The transaction is expected to close on April 3, 2020.

Daiwa House REIT Investment Corporation (TSE:8984) cancelled the acquisition of 50% stake in GRANODE Hiroshima from Daiwa House Industry Co.,Ltd. (TSE:1925) on February 7, 2021.