IIF REIT to Sell Tokyo Kamata R&D Center for 10 Billion Yen

MT Newswires Live
2025/09/17

Industrial & Infrastructure Fund Investment (TYO:3249) will sell its IIF Kamata R&D Center in Ota-ku, Tokyo, for 10 billion yen, according to a Wednesday filing on the Tokyo Stock Exchange.

The sale price is 37.4% above book value and 24.7% above the July 31, 2025 appraisal value of 8.02 billion yen.

The buyer is Mitsubishi Corporation Urban Development, with delivery scheduled for Oct. 1. IIF plans to return the full gain of roughly 2.3 billion yen to unitholders in the fiscal period ending January 2026, equivalent to about 910 yen per unit.

The REIT cited the property's age (35 years) and potential capital expenditures, alongside tenant lease expiration in March 2026, as factors for the sale. Proceeds beyond the gain will be used to repay debt from previous acquisitions, with any surplus allocated for future property purchases.

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