Dear Life expands portfolio with Tokyo income-producing property
Dear Life Co., Ltd. (TSE:3245) today announced the acquisition of an income-producing property in Tokyo, known as (Tentative) DeLCCS Toyocho, located in Koto-ku. The property is strategically positioned with convenient access to key business and commercial districts via the Toyocho and Kiba stations on the Tokyo Metro Tozai line. The reinforced concrete building features five floors above ground and one basement floor, with a total floor area of 170.37 m² (51.53 tsubo). The acquisition was funded through a combination of internal capital and borrowings from financial institutions. While the financial terms and the seller remain undisclosed due to confidentiality agreements, Dear Life assures that there are no capital, personnel, or business conflicts of interest with the seller. Dear Life anticipates that the rental income generated from this property will have a minimal impact on the company's consolidated financial results for the fiscal year ending September 30, 2025.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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