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TYO:8977

3 stories mentioning TYO:8977Updated 14d ago

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Asia

Hankyu Hanshin REIT Completes 3.3 Billion PMO Umeda Stake Buy

Hankyu Hanshin REIT (TYO:8977) said it completed the acquisition of a 30% quasi-co-ownership interest in PMO Umeda for 3.3 billion yen, according to a Tokyo bourse filing on Wednesday.The Tokyo-listed company said that the acquisition covers a domestic real estate trust beneficiary interest in Osaka, and the purchase price excludes acquisition-related expenses, including property tax, city planning tax and consumption tax.

TYO:8977
Asia

Hankyu Hanshin REIT Secures 3.37 Billion Yen in New Loans

Hankyu Hanshin REIT (TYO:8977) has secured 3.37 billion yen in new loans from four banks to refinance maturing debt, according to its Tokyo bourse filing on Tuesday.The loans will be secured from Sumitomo Mitsui Financial Group (TYO:8316) subsidiary Sumitomo Mitsui Banking Corporation, Mizuho Financial Group's (TYO:8411) Mizuho Bank, Mizuho Trust & Banking, and The Senshu Ikeda Bank, the filing said.The debt financing carries a variable interest rate of JBA 1-month Japanese Yen TIBOR plus 0.15%, with drawdown scheduled for Sept. 9, 2026, and maturity on Aug. 31, 2027, it said.

TYO:8977
Asia

KDX Realty Investment to Sell Retail Land for 3.69 Billion Yen

KDX Realty Investment (TYO:8972) agreed to sell its Life Takadono land in Osaka, Japan, to Hankyu Hanshin REIT (TYO:8977) for 3.69 billion yen, according to a Monday Tokyo bourse filing.The property, which is land leased to a supermarket operator in the Tokyo metropolitan area, is priced 330 million yen above the assumed book value of 3.36 billion yen.The proceeds from the transaction will be used to improve portfolio quality through asset reshuffling, the filing said.The sale is scheduled to be completed on Dec. 1, according to KDX.

TYO:8972TYO:8977

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