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Activia Properties to Sell Kobe Retail Asset Above Book Value in Portfolio Rebalancing Move

Story Highlights
  • Activia Properties will sell Kobe Kyu Kyoryuchi 25Bankan for ¥26.26 billion, booking a sizable gain over book value.
  • Proceeds from the phased sale will fund future acquisitions and support distributions as Activia pursues its portfolio upgrade strategy.
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Activia Properties to Sell Kobe Retail Asset Above Book Value in Portfolio Rebalancing Move

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An update from Activia Properties ( (JP:3279) ) is now available.

Activia Properties Inc. has agreed to dispose of its trust beneficiary interest in the urban retail property Kobe Kyu Kyoryuchi 25Bankan for a total of ¥26.26 billion, significantly above the asset’s book value of ¥19.16 billion, generating a gain of about ¥7.09 billion. The sale, to J. FRONT CITY DEVELOPMENT, will be executed in four staged transfers between May 2026 and June 2027, forming part of Activia’s broader asset replacement strategy to upgrade its portfolio and redeploy capital into higher-yielding opportunities. While the property has provided stable occupancy and supported portfolio performance for more than a decade due to its prime location in Kobe’s Kyu Kyoryuchi district, Activia judged that limited further internal growth and an attractive exit yield made this an opportune time to sell; the REIT plans to use the proceeds and retained portion of the disposal gains to support future acquisitions and manage distributions, aiming to bolster unitholder value over the medium to long term, leaving it with 44 properties and a total acquisition price of ¥520.4 billion post-transaction.

The most recent analyst rating on (JP:3279) stock is a Hold with a Yen146000.00 price target. To see the full list of analyst forecasts on Activia Properties stock, see the JP:3279 Stock Forecast page.

More about Activia Properties

Activia Properties Inc. is a Japanese listed real estate investment corporation (REIT) that invests primarily in domestic income-producing properties, including urban retail and office assets, with the aim of enhancing portfolio profitability and unitholder value through active asset management and replacement strategies. Its assets are managed by TLC REIT Management Inc., which leverages sponsor and external networks to source and recycle properties across major Japanese cities.

Average Trading Volume: 5,563

Technical Sentiment Signal: Buy

Current Market Cap: Yen349.3B

See more insights into 3279 stock on TipRanks’ Stock Analysis page.

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