Nippon Building Fund Reshapes Portfolio With Major Office Acquisitions and Profitable Asset Sale

Nippon Building ( (JP:8951) ) just unveiled an update.

Nippon Building Fund Inc. has approved a portfolio reshuffle involving the acquisition of trust beneficiary interests in Nihonbashi Honcho M-SQUARE and an additional stake in Toyosu Bayside Cross Tower for a combined 46.9 billion yen, while simultaneously agreeing to dispose of the Sumitomo Densetsu Building for 10.0 billion yen. The Nihonbashi Honcho M-SQUARE acquisition, structured via two interdependent trust beneficiary interests from Mitsui Fudosan and Kajima that together confer full ownership of the land and building, and the incremental 9.19% sectional ownership in Toyosu Bayside Cross Tower will be funded through loans, cash on hand and proceeds from new investment units, whereas the sale of Sumitomo Densetsu Building to Mitsui Fudosan is expected to generate a disposal gain of about 5.1 billion yen and will be used mainly to repay borrowings and bolster liquidity, highlighting NBF’s ongoing efforts to recycle capital and upgrade its office portfolio in core locations.

The most recent analyst rating on (JP:8951) stock is a Buy with a Yen153828.00 price target. To see the full list of analyst forecasts on Nippon Building stock, see the JP:8951 Stock Forecast page.

More about Nippon Building

Nippon Building Fund Inc. is a Japanese listed real estate investment trust (REIT) specializing in office and related commercial properties, with asset management services entrusted to Nippon Building Fund Management Ltd. The REIT focuses on acquiring and managing high-quality office assets in major urban areas, leveraging partnerships with major developers such as Mitsui Fudosan and Kajima to optimize its portfolio and enhance long‑term income stability for unitholders.

Average Trading Volume: 18,218

Technical Sentiment Signal: Buy

Current Market Cap: Yen1230B

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