SMFL MIRAI Partners Company, Limited agreed to acquire 50% stake in Shin-Kawasaki Mitsui Building from Nippon Building Fund Incorporation (TSE:8951) for ¥24 billion on October 31, 2022. Consideration will be one time, lump-sum payment at the time of delivery. The transaction is expected to close on January 11, 2023.

Use of proceeds will be for Repayment of debt etc.