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Hulic Reit To Recycle Five Assets Totaling About JPY 47.3 Billion

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Hulic Reit To Recycle Five Assets Totaling About JPY 47.3 Billion

Hulic Reit To Recycle Five Assets Totaling About JPY 47.3 Billion

Hulic Reit, Inc. decided on June 25, 2026, to carry out an asset recycling transaction totaling JPY 47.277 billion. In an exchange transaction with Hulic Co., Ltd., the REIT will acquire interests in two properties and transfer a co-ownership interest in one property and the land interest in another property. It will also acquire a co-ownership interest in an office building from Fuyo General Lease Co., Ltd. The scheduled execution date for the exchange and the scheduled acquisition date are both June 30.

In the exchange transaction with Hulic, the REIT will acquire Hulic Ginza Building and Hulic Ginza World Town Building for JPY 22.863 billion, and transfer Hulic Kamiyacho Building and Hulic Kudan Building (land interest) for JPY 21.33 billion.

From Fuyo General Lease, the REIT will acquire a 90% co-ownership interest in Edogawabashi Fuji Building for JPY 3.084 billion. The property is a small office building completed in 1983, with seven floors above ground and one basement level, and a typical floor plate of approximately 160 tsubo (approx. 5,700 sq. ft.). It is located a one-minute walk from Edogawabashi Station on the Tokyo Metro Yurakucho Line, on a corner site at the intersection of Mejiro-dori Avenue and Edogawabashi-dori Avenue.

The REIT also conducted large-scale asset recycling transactions in June and September 2025 using its sponsor pipeline, and this transaction follows that strategy.（see related article:Hulic REIT Executes Asset Swap with Sponsor to Improve Portfolio Age Profile,Hulic REIT to Acquire Asakusa View Hotel, Divests Partial Stake in Hulic Kamiyacho Building） Following the transaction, the REIT’s assets under management will total JPY 424.195 billion on an acquisition price basis.

Acquired Property Overview

  • Property Name: Hulic Ginza Building
  • Buyer: Hulic Reit, Inc.
  • Seller: Hulic Co., Ltd.
  • Scheduled Acquisition Price: JPY 14.7 billion
  • Appraisal Value: JPY 17.199 billion, as of June 1, 2026, by Japan Real Estate Institute
  • Location: 1-7-10 Ginza, Chuo Ward, Tokyo
  • Nearest Station: Directly connected to Ginza-itchome Station on the Tokyo Metro Yurakucho Line
  • Asset To Be Acquired: 49% co-ownership interest in real estate trust beneficiary interest
  • Scheduled Acquisition Date: June 30, 2026
  • Completion: August 2025
  • Number of Floors: 12F / B3, steel-frame and steel-reinforced concrete construction
  • Use: Hotel, retail and office
  • Area: Site Area: approx. 309 tsubo (approx. 11,000 sq. ft.) / Typical Floor Plate: approx. 200 tsubo (approx. 7,100 sq. ft.) / Gross Floor Area: approx. 3,603 tsubo (approx. 128,200 sq. ft.)
  • Property Name: Hulic Ginza World Town Building
  • Buyer: Hulic Reit, Inc.
  • Seller: Hulic Co., Ltd.
  • Scheduled Acquisition Price: JPY 8.163 billion
  • Appraisal Value: JPY 8.86 billion, as of June 1, 2026, by Japan Real Estate Institute
  • Location: 5-8-17 Ginza, Chuo Ward, Tokyo
  • Nearest Station: One-minute walk from Ginza Station on the Tokyo Metro Ginza Line
  • Asset To Be Acquired: 20% co-ownership interest in real estate trust beneficiary interest
  • Scheduled Acquisition Date: June 30, 2026
  • Completion: March 1982
  • Number of Floors: 8F / B2, steel-reinforced concrete construction
  • Use: Retail
  • Area: Site Area: approx. 155 tsubo (approx. 5,500 sq. ft.) / Typical Floor Plate: approx. 114 tsubo (approx. 4,100 sq. ft.) / Gross Floor Area: approx. 1,220 tsubo (approx. 43,400 sq. ft.)
  • Property Name: Edogawabashi Fuji Building
  • Buyer: Hulic Reit, Inc.
  • Seller: Fuyo General Lease Co., Ltd.
  • Scheduled Acquisition Price: JPY 3.084 billion
  • Appraisal Value: JPY 3.23 billion, as of June 1, 2026, by Daiwa Real Estate Appraisal Co., Ltd.
  • Location: 1-21-10 Sekiguchi, Bunkyo Ward, Tokyo
  • Nearest Station: One-minute walk from Edogawabashi Station on the Tokyo Metro Yurakucho Line
  • Asset To Be Acquired: 90% co-ownership interest in real estate trust beneficiary interest
  • Scheduled Acquisition Date: June 30, 2026
  • Completion: October 1983
  • Number of Floors: 7F / B1, steel-reinforced concrete construction
  • Use: Bank
  • Area: Site Area: approx. 181 tsubo (approx. 6,400 sq. ft.) / Typical Floor Plate: approx. 160 tsubo (approx. 5,700 sq. ft.) / Gross Floor Area: approx. 886 tsubo (approx. 31,500 sq. ft.)

Transferred Property Overview

  • Property Name: Hulic Kamiyacho Building
  • Buyer: Hulic Co., Ltd.
  • Seller: Hulic Reit, Inc.
  • Scheduled Transfer Price: JPY 6.03 billion
  • Appraisal Value: JPY 5.78 billion, as of Feb. 28, 2026, by Daiwa Real Estate Appraisal Co., Ltd.
  • Location: 4-3-13 Toranomon, Minato Ward, Tokyo
  • Nearest Station: One-minute walk from Kamiyacho Station on the Tokyo Metro Hibiya Line
  • Asset To Be Transferred: 9% co-ownership interest in real estate trust beneficiary interest
  • Scheduled Transfer Date: June 30, 2026
  • Completion: April 1985
  • Number of Floors: 11F / B2, steel-reinforced concrete and steel-frame construction
  • Use: Office and parking
  • Area: Site Area: approx. 2,184 tsubo (approx. 77,700 sq. ft.) / Typical Floor Plate: approx. 940 tsubo (approx. 33,400 sq. ft.) / Gross Floor Area: approx. 12,056 tsubo (approx. 429,000 sq. ft.)
  • Property Name: Hulic Kudan Building (Land Interest)
  • Buyer: Hulic Co., Ltd.
  • Seller: Hulic Reit, Inc.
  • Scheduled Transfer Price: JPY 15.3 billion
  • Appraisal Value: JPY 14.1 billion, as of Feb. 28, 2026, by Japan Real Estate Institute
  • Location: 1-13-5 Kudan-kita, Chiyoda Ward, Tokyo
  • Nearest Station: One-minute walk from Kudanshita Station on the Tokyo Metro Tozai Line
  • Asset To Be Transferred: Real estate trust beneficiary interest
  • Scheduled Transfer Date: June 30, 2026
  • Site Area: approx. 1,014 tsubo (approx. 36,100 sq. ft.)

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