NIPPON REIT Investment Corporation completed the acquisition of 13 Properties from Kasumigaseki Capital Co.,Ltd., Godo Kaisha NRT Growth 15 and VALUES, Inc.
November 19, 2020
Share
NIPPON REIT Investment Corporation (TSE:3296) agreed to acquire 13 Properties from Kasumigaseki Capital Co.,Ltd. (TSE:3498), Godo Kaisha NRT Growth 15 and VALUES, Inc. for ¥13.8 billion on October 27, 2020. The transaction is funded from cash in hand and borrowings of ¥8.4 billion. As of October 30, 2020, NIPPON REIT Investment Corporation acquired 8 properties from Kasumigaseki Capital Co.,Ltd. (TSE:3498) and VALUES, Inc. for ¥8.9 billion. The agreement is expected to be concluded on October 30, 2020 and transaction is expected to be completed on or before November 20, 2020. Japan Real Estate Institute acted as appraiser in the transaction.
NIPPON REIT Investment Corporation (TSE:3296) completed the acquisition of 13 Properties from Kasumigaseki Capital Co.,Ltd. (TSE:3498), Godo Kaisha NRT Growth 15 and VALUES, Inc. on November 20, 2020.
Kasumigaseki Capital Co Ltd is a Japan-based company mainly engaged in the real estate consulting business, which mainly involves consulting and management related to real estate investment, as well as the development of profitable real estate. The Company operates through four businesses. The logistics business develops rental type refrigerated warehouses. The hotel business develops apartment hotels, which are medium-to long-term stay hotels for group stays of 4 to 8 people, with a focus on rooms for large groups, where there is a supply-demand gap. The healthcare-related facility business is currently focusing on the development of hospice housing among healthcare-related facilities. The Company's overseas business focuses on the United Arab Emirates (Dubai) and enters the real estate market.
NIPPON REIT Investment Corporation completed the acquisition of 13 Properties from Kasumigaseki Capital Co.,Ltd., Godo Kaisha NRT Growth 15 and VALUES, Inc.
KASUMIGASEKI CAPITAL CO.,LTD. 
