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TYO:8953

11 stories mentioning TYO:8953Updated 5d ago

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Asia

Japan Metropolitan Fund to Refinance 7.5 Billion Yen in Maturing Loans

Japan Metropolitan Fund Investment (TYO:8953) will refinance 7.5 billion yen in existing borrowings maturing Sept. 30 through new loans from four lenders.The new financing, to be drawn on Sept. 30, includes 2 billion yen from Sumitomo Mitsui Banking, 2.5 billion yen from Resona Bank, 2 billion yen from The Bank of Fukuoka, and 1 billion yen from The 77 Bank, with terms ranging from two to seven years.All loans carry floating rates based on JBA 1-month yen TIBOR plus spreads of 0.150% to 0.175%, and are unsecured, unguaranteed, and repayable in lump sum.The refinancing replaces existing loans that were primarily fixed-rate, with the new floating-rate structure reflecting current market conditions.

TYO:8953
Asia

Japan Metropolitan Fund to Sell Osaka Retail Property for 6.1 Billion Yen

Japan Metropolitan Fund Investment (TYO:8953) has agreed to dispose of LIFE Shimodera, a retail land with a leasehold interest in Naniwa-ku, Osaka, for 6.1 billion yen to an undisclosed purchaser.The disposal will generate a gain of 4.3 billion yen, which will be returned to shareholders in full across two fiscal periods ending August 2027 and February 2028.The disposal price is over 2.5 times its 2.43 billion yen appraisal value and well above its 1.72 billion yen book value, according to a Tokyo bourse filing on Thursday.The contract is effective on Sept. 18, 2026, with the disposition split 50:50 between Aug. 31 and Sept. 30, 2027.The REIT has secured 5.5 billion yen in asset disposal gains since its last earnings release, with other disposition projects under letters of intent also progressing.

TYO:8953
Asia

Japan Metropolitan Fund to Buy Property Worth 734 Million Yen

Japan Metropolitan Fund Investment (TYO:8953) plans to acquire the trust beneficiary right in JMF-Residence Osaka Awaji, for 734 million yen.JMF-Residence Osaka Awaji is a 54-unit apartment building in Osaka, Japan, according to a Wednesday Tokyo Exchange filing.The property, currently named Luxe Awaji, is scheduled to be acquired on Aug. 31, using cash on hand, it said.

TYO:8953
Asia

Japan Metropolitan Fund to Buy 4.87 Billion Yen Property

Japan Metropolitan Fund Investment (TYO:8953) plans to acquire m-city Toda-Koen, a community-based retail facility in Toda, Saitama Prefecture, for 4.87 billion yen.The acquisition is scheduled for Oct. 1, and will be funded through debt, according to a Wednesday Tokyo bourse filing.The property is about a 10-minute walk from Toda-Koen Station and is anchored by Super Value LOPIA, with about 300 parking spaces, it said.

TYO:8953
Asia

Japan Metropolitan Fund Acquires Silent Partnership Interests in 17 SEIYU Store Properties

Japan Metropolitan Fund Investment (TYO:8953) has agreed to acquire silent partnership interests from Unicorn Godo Kaisha for 8.79 billion yen.Unicorn Godo Kaisha's assets include 17 land leasehold properties currently operated as SEIYU and TRIAL SEIYU stores across Japan, according to a Tokyo bourse filing on Friday.The REIT's lease agreements for the 17 assets combine fixed rent with revenue-based percentage rent, allowing it to benefit from sales growth and operational improvements.The acquisition, scheduled to close on Nov. 30, builds on the REIT's existing relationship with Trial (TYO:141A), which made SEIYU a subsidiary in July 2025.In a separate filing, Trial has agreed to transfer all SEIYU shares to Unicorn Godo Kaisha, in an absorption-type company split and share transfer to monetize part of SEIYU's real estate.

TYO:141ATYO:8953
Asia

Japan Metropolitan Fund Investment's Kyushu Properties Unaffected by Earthquake

Japan Metropolitan Fund Investment (TYO:8953) reported no damage in its seven properties located in the Kyushu region following a magnitude 7.1 earthquake in Kumamoto, according to a Tokyo bourse filing on Wednesday.Shares of the REIT were up more than 1% in recent trade.

TYO:8953
Asia

Japanese Stocks Gain on Easing US-Iran Tensions, Oil Drops

Japanese stocks gained on easing US-Iran tensions after Iran announced to halt strikes on key US military infrastructure across the Middle East on a mutual basis, triggering a bond rally.The benchmark Nikkei 225 closed up 320.04 points, or 0.50%, at 64,931.19.Oil prices fell on easing tensions around key crude shipping routes, including the Strait ​of Hormuz, reducing energy supply concerns and easing inflation fears.Meanwhile, media reports claimed that falling US ammunition reserves have led to the temporary ceasefire as the US dollar weakened.On the corporate side, Japan Metropolitan Fund Investment (TYO:8953) secured a 5.35 billion yen term loan to refinance existing debt, maturing July 31, through a new syndicated loan, according to a Monday release.Also, Toyota Motor (TYO:7203) will become a shareholder in Cellcentric following a deal with co-owners The Volvo Group and Daimler Truck, according to a Monday release.

Nikkei 225TYO:7203TYO:8953
Asia

Japan Metropolitan Fund Investment Secures 5.35 Billion Yen Term Loan to Refinance Existing Debt

Japan Metropolitan Fund Investment (TYO:8953) said that it will refinance an existing 5.35 billion yen debt, maturing July 31, through a new syndicated loan, according to a Monday release.The refinancing includes a seven-year term loan worth 2.9 billion yen from Sumitomo Mitsui Trust Bank and 800 million yen from Resona Bank, maturing July 29, 2033, and a 750 million yen eight-year term loan from The Hyakugo Bank, maturing July 31, 2034.The borrowings also include a 10-year term loan worth 500 million yen from The Nanto Bank and a 400 million yen loan from The Senshu Ikeda Bank, maturing July 31, 2036.The 2.9 billion yen and 800 million yen loans carry a floating interest rate of the one-month Japanese yen TIBOR plus 0.175%, while 750 million yen, 500 million yen, and 400 million yen loans carry floating interest rates of the one-month Japanese yen TIBOR plus 0.200% and 0.250%, respectively.

TYO:8953
Asia

Japan Metropolitan Fund Investment Fund Acquires Osaka Private Lodging Asset for 2.4 Billion Yen

Japan Metropolitan Fund Investment (TYO:8953) has agreed to acquire a mixed-use private lodging and retail property in Osaka, for 2.4 billion yen effective June 29, according to a Tokyo bourse filing on Wednesday.The property, Apartment Hotel 11 Shinsaibashi Amemura 2, is appraised at 2.75 billion yen, and will be operated by lodging tech company HIWIN under a revenue-linked lease structure.To fund the acquisition, the REIT secured a 2.4 billion yen 7-year floating-rate loan from SBI Shinsei Bank at TIBOR plus 0.175%, according to a separate disclosure.The REIT also refinanced a 1.5 billion yen loan from Mizuho Bank with the same terms, extending its maturity from June 2026 to June 2033.

TYO:8953
Asia

Japan Metropolitan Fund Investment to Sell Osaka Retail Land for 7 Billion Yen

Japan Metropolitan Fund Investment (TYO:8953) has agreed to dispose of a trust beneficiary right in Edion Kyobashi, a land with leasehold interest in Osaka, for 7 billion yen, according to a Tokyo bourse filing on Monday.The transaction is expected to generate a gain of roughly 1.1 billion yen, which will be fully distributed to unitholders in the February 2027 fiscal period.The disposition, scheduled to close on Dec. 1, involves a property leased to retailer Edison and has no broker or disclosed purchaser due to confidentiality.The REIT decided to sell the asset to maximize total returns by replacing it with properties offering better long-term profitability and growth potential from its expanding acquisition pipeline.

TYO:8953
Asia

Japan Metropolitan Fund Broadens Retail Incentive Program

Japan Metropolitan Fund Investment (TYO:8953) said it has expanded its unitholder shopping voucher program to seven retail facilities, adding a Tokyo site, according to a Tuesday filing on the Tokyo Stock Exchange.The initiative offers vouchers worth 1,500 yen to eligible unitholders to drive footfall and sales across its properties, with no change to earnings forecasts.

TYO:8953

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