Nomura Real Estate Master Fund, Inc. (TSE:3462) agreed to acquire PMO Hamamatsucho/PROUD FLAT Togoshi-Ginza from Nomura Real Estate Development Co., Ltd. for JPY 8050 million on January 27, 2022. The acquisition price for PMO Hamamatsucho if JPY 5500 and the acquisition price for PROUD FLAT Togoshi-Ginza is JPY 2550 million. If the contract is cancelled in accordance with paragraph ii) above, the non-violating party may require the violating party to pay a penalty charge that is equivalent to 20% of the acquisition price.

Under the Sale Agreement, procuring funds through the issuance of new investment units by the acquisition date is set forth as a condition precedent for the obligation of the buyer. The acquisition of PMO Hamamatsucho and PROUD FLAT Togoshi-Ginza is expected to close on April 1, 2022 and March 1, 2022 respectively.