Dear Life acquires two income-generating properties in Tokyo and Saitama
Dear Life Co., Ltd. has announced the acquisition of two income-producing properties, one in Hamacho, Tokyo, and another in Urawa, Saitama. The Hamacho property, tentatively named "DeLCCS Nihonbashi Hamacho," is located in Chuo-ku, Tokyo, a 4-minute walk from Hamacho Station and a 7-minute walk from Suitengu-mae Station. This 11-story reinforced concrete condominium boasts a floor area of 875.87 m² and is situated in a highly accessible area with diverse amenities and cultural sites.
The second acquisition, tentatively named "DeLCCS Urawa," is a 4-story reinforced concrete condominium located in Kishicho, Urawa-ku, Saitama, a 9-minute walk from Urawa Station. This property, with a floor area of 1,446.00 m², is in a well-connected area near major rail lines and local administrative and commercial facilities. Both acquisitions were financed through a combination of internal capital and borrowings from financial institutions.
Due to confidentiality agreements, the seller and purchase price for both properties were not disclosed. Dear Life stated that the rental income generated from these leased properties is expected to have a minimal impact on its consolidated financial results for the fiscal year ending September 30, 2025. The company will promptly announce any material impacts should they arise.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
Primary Source Document
Supplementary Source Documents
News Alerts
Get instant email alerts when Dear Life publishes news
Free account required • Unsubscribe anytime