Investor Presentaiton
|一期一会|
ICHIGO
October 2023 Initiatives
Driving Earnings via Strategic Portfolio Restructuring
Sold Non-Core Retail Asset, Acquired Office With Upside Potential
Asset Acquired in October 2023
Asset Sold in October 2023
Asset
Name
Ichigo Kinshicho
South Building
Twicere Yokohama Isogo (Retail Section)
Seller
Acquisition Date
October 31, 2023
Third-Party Japanese
Asset Type
Retail
Book Value
JPY 1.42B
Appraisal Value
JPY 1.51B
Sale Price
JPY 1.6B
Area
Location
Characteristics
Company
Sumida-ku, Tokyo
6-min walk from Kinshicho
Station on JR Sobu, Tokyo
Metro Hanzomon Lines
Kinshicho area offers
convenient access to central
Tokyo office areas
JPY 1.88B
Sale Date
Gains on Sale
Buyer
October 30, 2023
JPY 105M
Third-Party Japanese
Company
Acquisition Price
Appraisal Value
JPY 2.06B
NOI Yield
4.5%
* NOI Yield is calculated by dividing NOI by Acquisition Price
Ichigo Investment Advisors Co., Ltd. Ichigo Office REIT Investment Corporation All rights reserved.
12View entire presentation