Japan Metropolitan Fund REIT Sells Akasaka Office to Nippon Steel Kowa Real Estate for JPY 7.7 Billion

Japan Metropolitan Fund Investment Corporation announced on August 27 that it will divest the trust beneficiary interest of the office building “JMF Building Akasaka 01” to Nippon Steel Kowa Real Estate. The planned disposition price is JPY 7.7 billion, with closing scheduled for October 31.

The property is a one-minute walk from Tameike-sanno Station on the Tokyo Metro Ginza and Namboku lines, and a five-minute walk from Roppongi-itchome Station on the Namboku line. Completed in 1985, the 10-story building has a gross floor area of approximately 1,001 tsubo (approx. 33,100 sq. ft.).

Key Facts

• Property Name: JMF Building Akasaka 01

• Buyer: Nippon Steel Kowa Real Estate Co., Ltd.

• Seller: Japan Metropolitan Fund Investment Corporation

• Transaction Price: JPY 7,700 million

• Location: 1-11-28 Akasaka, Minato-ku, Tokyo

• Nearest Station: Tameike-sanno Station (Tokyo Metro Ginza & Namboku lines) – 1 min walk / Roppongi-itchome Station (Tokyo Metro Namboku line) – 5 min walk

• Completion: March 1985

• Number of Floors: 10F

• Gross Floor Area: approx. 1,001 tsubo (approx. 33,100 sq. ft.)