ORIX JREIT buys 50% stake in Toyosu Prime Square for JPY 29.4 billion
Reuters2026/08/26 07:04- ORIX JREIT set acquisitions of 50% trust beneficiary interests in Toyosu Prime Square, Tokyo, for JPY 29.4 billion.
- Naha Shin-Toshin Center Building stake bought from Daiwa House REIT in five tranches totaling JPY 10.6 billion.
- Naha deal lifts ownership to 100%, supporting lower operating costs, tighter leasing control, rent upside versus market levels.
- Toyosu closing set for Sept. 30, 2026; Naha closings start Aug. 31, 2026, extend through Aug. 31, 2028.
- Appraisal NOI yields: 3.7% for Toyosu, 4.9% for Naha; funding planned via new borrowing, cash on hand.
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