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Nomura Real Estate to purchase 9 properties in Japan

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Nomura Real Estate to purchase 9 properties in Japan

Nomura Real Estate Master Fund will buy nine properties across Japan from Nomura Real Estate Development Co. Ltd. for a total of ¥40.41 billion, according to a Dec. 5 news release.

The acquisitions, which involve three office sites, four residential buildings and a logistics facility, will be settled by a lump-sum payment.

In a separate filing, the real estate investment trust said it is increasing its earnings forecasts for the fiscal period ending Feb. 29, 2020, and Aug. 31, 2020, following the announcement of the purchases.

As of Dec. 5, US$1 was equivalent to ¥108.72.