ORIX JREIT Inc. (TSE:8954) agreed to acquire SHINYOKOHAMA SQUARE BUILDING for ¥20.30 billion on December 25, 2023. The consideration ¥20.300 billion will be funded by cash in hand. SHINYOKOHAMA SQUARE BUILDING has ¥62 million as Gross rental income excluding parking.

The transaction is expected to be complete by December 27, 2023.