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TYO:8966

3 stories mentioning TYO:8966Updated 51d ago

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Asia

Heiwa Real Estate REIT to Raise 550 Million Yen via Third-Party Allotment

Heiwa Real Estate REIT (TYO:8966) said it will raise 549.8 million yen through a third-party allotment of 4,300 investment units to its lead underwriter at 127,853 yen apiece, according to a Tokyo bourse filing on June 19.The Japan-based real estate investment trust said that the subscriptions of the new units, approved by the board, will be completed on Monday with payments scheduled for Tuesday.The proceeds will be used in part to repay borrowings announced in May, with any remaining funds to be retained as cash and used for current and future property acquisitions.

TYO:8966
Asia

Heiwa Real Estate REIT to Sell Residential Assets For 5.55 Billion Yen

Heiwa Real Estate REIT (TYO:8966) will sell two residential properties in Tokyo for a combined 5.55 billion yen, aiming to realize gains and strengthen its portfolio, according to a Monday filing on the Tokyo Stock Exchange.The REIT will dispose of HF Nishi-Shinjuku Residence West for 3.5 billion yen and HF Nishi-Shinjuku Residence East for 2.05 billion yen. The assets have book values of 1.86 billion yen and 1.1 billion yen, respectively, implying estimated gains of 1.58 billion yen and 921 million yen.The REIT will sign the agreement on April 27, with settlement and delivery scheduled for May 29. The buyer, a domestic special-purpose company, was not disclosed. The transaction will be settled in a lump sum at delivery.

TYO:8966
Asia

Heiwa Real Estate REIT Fixes Rate on 1.09 Billion Yen Loan

Heiwa Real Estate REIT (TYO:8966) has entered into an interest rate swap agreement to fix borrowing costs on a 1.09 billion yen loan, according to a Thursday filing on the Tokyo Stock Exchange.The swap, with Daiwa Securities, will effectively set the loan's interest rate at about 2.9% through May 2032, the company said, adding the move is aimed at hedging against rate fluctuations.

TYO:8966

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