ORIX JREIT (TYO:8954) will acquire the Kamata Prime office building in Tokyo for 11.3 billion yen, and sell the Hamamatsu Act Tower for 17.2 billion yen.
The disposal is expected to generate a gain of 1.52 billion yen, according to a Tokyo Stock Exchange filing on Tuesday.
The divestment of Hamamatsu Act Tower will occur in two stages: a 40% stake will be sold for 6.86 billion yen on March 27, followed by the remaining 60% for 9.35 billion yen on Sept. 1.
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