Goldman Sachs Japan Co., Ltd. agreed to acquire part of sectional ownership of GranTokyo South Tower from Nippon Building Fund Inc. for ¥41.2 billion.

Goldman Sachs Japan Co., Ltd. agreed to acquire part of sectional ownership of GranTokyo South Tower from Nippon Building Fund Inc. (TSE:8951) for ¥41.2 billion on January 31, 2024. Currently, Nippon Building Fund owns GranTokyo South Tower's 5th - 9th floors, and following the transaction, the 5th floor will continue to be held by Nippon Building Fund. Nippon Building Fund intends to use the acquisition funds for Toyosu Bayside Cross Tower (Additional Acquisition) scheduled for acquisition on March 29, 2024 and cash on hand, etc.

The transaction is expected to close on March 28, 2024.