Daiwa Office Investment Corporation (TSE:8976) entered into Purchase agreement to acquire S-GATE FIT Nihonbashi Bakurocho Property from The Sankei Building Co., Ltd. and Mitsubishi Corporation Urban Development, Inc for ¥6.3 billion on March 22, 2023. Consideration will be paid in cash. Transaction will be funded from existing cash. Japan Real Estate Institute acted as appraiser in transaction

Daiwa Office Investment Corporation (TSE:8976) completed the acquisition of S-GATE FIT Nihonbashi Bakurocho Property from The Sankei Building Co., Ltd. and Mitsubishi Corporation Urban Development, Inc on March 22, 2023.