One REIT, Inc signed a sales contract to acquire Tokyo Park Side Building and Higobashi Center Building from SIA Bridge No. 3 LLC and IBJ Leasing Company, Limited for ¥19.4 billion.

One REIT, Inc (TSE:3290) signed a sales contract to acquire Tokyo Park Side Building and Higobashi Center Building from SIA Bridge No. 3 LLC and IBJ Leasing Company, Limited (TSE:8425) for ¥19.4 billion on September 4, 2018. One REIT will acquire Tokyo Park Side Building from SIA Bridge No.

3 LLC for ¥10.5 billion and Higobashi Center Building from IBJ Leasing Company for ¥8.9 billion. The entire consideration will be paid on completion. The consideration will be funded from the proceeds of issuance of new investment units, funds on hand and loans.

The transaction is expected to complete on September 21, 2018. JLL Morii Valuation & Advisory K.K. acted as the appraiser for Tokyo Park Side Building and The Tanizawa Sogo Appraisal Co., Ltd. acted as the appraiser for Higobashi Center Building.