Hankyu Hanshin REIT to Acquire Three Properties, Including PMO Umeda, for JPY 6.4 Billion

Hankyu Hanshin REIT, Inc. decided on July 16, 2026, to acquire a total of three properties in Osaka and Hyogo Prefectures: an office, a residential/retail property, and land underlying a retail facility. The total planned acquisition price is JPY 6.3958 billion. The company plans to acquire the trust beneficiary interest in "Nishinomiya-Kitaguchi Primary One" and the site interest in "Kohnan Rinku Hagurasaki Store" on July 29, and the interest in "PMO Umeda" on September 9.

"PMO Umeda" is an office building completed in June 2025, a three-minute walk from Osaka-Umeda Station on the Hankyu lines. It rises 13 stories above ground, with a standard floor plate of approximately 115 tsubo (approx. 4,100 sq. ft.). The property was redeveloped on the former head office site of H2O Retailing Corporation (formerly Hankyu Department Stores), and the REIT will acquire a 30% quasi co-ownership interest in the real estate trust beneficiary interest for JPY 3.3 billion from HNO GK, a tokumei kumiai (silent partnership) vehicle invested in by Hankyu Hanshin Properties and others.

"Nishinomiya-Kitaguchi Primary One" is a retail and residential property a one-minute walk from Nishinomiya-Kitaguchi Station on the Hankyu Kobe Line. It rises nine stories above ground, with a cram school occupying the 1st through 3rd floors and 36 single/compact-type residential units on the 4th through 9th floors. As of the end of April 2026, the occupancy rate was 98.1%. The planned acquisition price is JPY 1.833 billion, marking the REIT's first acquisition of a rental housing property.

"Kohnan Rinku Hagurasaki Store" is a community-based retail facility located in Tajiri Town, Sennan District, Osaka Prefecture. The REIT will acquire a 22% quasi co-ownership interest in the real estate trust beneficiary interest, with the land as trust property, for JPY 1.2628 billion. The tenant is Kohnan Shoji Co., Ltd., which operates the home improvement stores "Kohnan" and "Kohnan PRO," along with a grocery section and a 100-yen shop.

Including "Life Takadono Store (land)," which the REIT plans to acquire in December 2026, the post-acquisition portfolio will total JPY 189.334 billion on an acquisition price basis (see related article: Hankyu Hanshin REIT To Acquire Retail Land in Osaka's Asahi Ward From KDX Realty Investment). By adding a newly built office in Umeda and station-front housing in Nishinomiya-Kitaguchi to its existing portfolio centered on retail facilities, the REIT aims to diversify use types and achieve sustained growth in distributions.

Properties Scheduled for Acquisition in 2026

Key Facts

• Buyer: Hankyu Hanshin REIT, Inc.

• Acquisition Decision Date: July 16, 2026

• Total Planned Acquisition Price: JPY 6,395.8 million

• Total Appraisal Value: JPY 6,640 million

• Property Name: PMO Umeda (30% quasi co-ownership interest)

• Acquisition Type: 30% quasi co-ownership interest in real estate trust beneficiary interest

• Seller: HNO GK

• Location: 2-6-27 Shibata, Kita Ward, Osaka City, Osaka Prefecture

• Nearest Station(s): Three-minute walk from Osaka-Umeda Station on the Hankyu lines

• Planned Contract Date: July 31, 2026

• Planned Acquisition Date: September 9, 2026

• Planned Acquisition Price: JPY 3,300 million

• Appraisal Value: JPY 3,450 million (May 31, 2026, Japan Real Estate Institute)

• NOI Yield: 3.1%

• Completion: June 2025

• Number of Floors: 13F (steel-frame construction)

• Use: Office

• Area: Site Area approximately 254 tsubo (approx. 9,000 sq. ft.) / Gross Floor Area approximately 1,807 tsubo (approx. 64,300 sq. ft.) (both figures equivalent to 100% interest) / Typical Floor Plate approximately 115 tsubo (approx. 4,100 sq. ft.)

• Design: The Zenitaka Corporation First-Class Architect Office

• Construction: The Zenitaka Corporation

• Occupancy Rate: 100.0% (as of March 31, 2026, end-tenant basis)

• Property Name: Nishinomiya-Kitaguchi Primary One

• Acquisition Type: Real estate trust beneficiary interest

• Seller: Undisclosed (domestic corporation)

• Location: 3-29 Minami-Showa-cho, Nishinomiya City, Hyogo Prefecture

• Nearest Station(s): One-minute walk from Nishinomiya-Kitaguchi Station on the Hankyu Kobe Line

• Planned Contract Date: July 21, 2026

• Planned Acquisition Date: July 29, 2026

• Planned Acquisition Price: JPY 1,833 million

• Appraisal Value: JPY 1,890 million (May 31, 2026, Japan Real Estate Institute)

• NOI Yield: 3.7%

• Completion: June 2007

• Number of Floors: 9F (reinforced concrete construction)

• Use: Residential and Retail

• Area: Site Area approximately 178 tsubo (approx. 6,300 sq. ft.) / Gross Floor Area approximately 589 tsubo (approx. 21,000 sq. ft.)

• Total Units: 36

• Design: Sanwa Construction Co., Ltd. First-Class Architect Office

• Construction: Sanwa Construction Co., Ltd.

• Occupancy Rate: 98.1% (as of April 30, 2026, end-tenant basis)

• Property Name: Kohnan Rinku Hagurasaki Store (land, 22% quasi co-ownership interest)

• Acquisition Type: 22% quasi co-ownership interest in real estate trust beneficiary interest, with land as trust property

• Seller: Undisclosed (domestic corporation)

• Location: 605-1 Kashoji, Tajiri Town, Sennan District, Osaka Prefecture

• Nearest Station: Seven-minute walk from Hagurasaki Station on the Nankai Main Line

• Nearest Interchange: 1.8 km from Izumisano IC / Rinku IC on the Kansai Airport Expressway

• Planned Contract Date: July 21, 2026

• Planned Acquisition Date: July 29, 2026

• Planned Acquisition Price: JPY 1,262.8 million

• Appraisal Value: JPY 1,300 million (July 1, 2026, Daiwa Real Estate Appraisal Co., Ltd.)

• NOI Yield: 3.9%

• Area: Site Area approximately 8,518 tsubo (approx. 303,100 sq. ft.) (equivalent to 100% interest) / Leasable Area Equivalent to Acquired Interest approximately 1,851 tsubo (approx. 65,900 sq. ft.)

• Major Tenant: Kohnan Shoji Co., Ltd.

• Occupancy Rate: 100.0% (as of July 16, 2026)