trending Market Intelligence /marketintelligence/en/news-insights/trending/n1RC7y-UlqZtBZPZGhIRFw2 content esgSubNav
In This List

ORIX JREIT acquires office property

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


ORIX JREIT acquires office property

ORIX JREIT Inc. is acquiring the Naha Shin-Toshin Center office building in Okinawa from DO Shin-Toshin Development Tokutei Mokuteki Kaisha and ORIX Real Estate Corp. for ¥10.00 billion.

The 34,180-square-meter property at 1-1-12 Omoromachi, Naha-shi, has an appraisal value of ¥11.00 billion, with a net operating income yield of 5.4%.

According to a Dec. 25 filing, the building has a gross rental income of ¥89.0 million per month.

As of Dec. 25, US$1 was equivalent to ¥109.26.