Daiwa Securities Living Investment Corporation (TSE:8986) entered into a purchase agreement to acquire Reone Nihonbashi Hamacho from J-REX Corporation Co., Ltd. for ¥930 million on September 18, 2020. Consideration will be paid in lump-sum at the time of acquisition. Transaction will be funded from own funds of Daiwa Securities Living Investment Corporation.

Name of Reone Nihonbashi Hamacho will be changed to Gran Casa Nihonbashi Hamacho at the end of October 2020. Transaction is expected to close on September 30, 2020. Tanizawa Sogo Appraisal Co., Ltd. acted as appraiser in the transaction.