Japan Metropolitan Fund Investment Corporation to Acquire Additional Stake in Kawaramachi OPA in Kyoto

Japan Metropolitan Fund Investment Corporation (JMF) announced it will acquire an additional ownership interest in the commercial facility “Kawaramachi OPA,” located in Nakagyo-ku, Kyoto. The scheduled acquisition date is December 23, with a total purchase price of JPY 790 million.

The property is a one-minute walk from Hankyu Kyoto Line “Kyoto-Kawaramachi” Station and a five-minute walk from Keihan Main Line “Gion-Shijo” Station. Completed in 1998, the building comprises nine floors above ground and one below, with a gross floor area of approximately 5,625 tsubo (approx. 186,000 sq. ft.).

Following the acquisition, JMF’s ownership share in the building will increase to 94.4065%, with an occupancy rate of 100%.

Key Facts

• Property Name: Kawaramachi OPA

• Buyer: Japan Metropolitan Fund Investment Corporation

• Seller: Not disclosed

• Transaction Price: JPY 790 million

• Location: 385 Komeyacho, Kawaramachi-dori Shijo-agaru, Nakagyo-ku, Kyoto-shi, Kyoto

• Nearest Station: 1 min walk from Hankyu Kyoto Line “Kyoto-Kawaramachi” Station / 5 min walk from Keihan Main Line “Gion-Shijo” Station

• Completion: November 1998

• Number of Floors: 9F / B1

• Gross Floor Area: approx. 5,625 tsubo (approx. 186,000 sq. ft.)