N
omura Real Estate Master (JP: 3462) has announced a significant update regarding one of its properties. The company plans to sell the NMF Shinjuku Minamiguchi Building, an office property, for ¥13,500 million, which is ¥3,362 million above its book value. This sale is part of the Fund's strategy to upgrade its asset portfolio and mitigate potential risks associated with declining property competitiveness and increasing maintenance costs.

    By selling the building to Nomura Real Estate Development Co., Ltd., the Fund aims to secure a long-term interest in the property's future value, including priority negotiation rights for any potential resale after redevelopment. This move is expected to contribute to the Fund's overall risk management and strategic growth plans.