Kasumigaseki Capital Co., Ltd. Notice regarding acquisition and sale of real estate for sale

[Kasumigaseki Capital Co., Ltd.] Notice regarding acquisition and sale of real estate for sale ​ Image
URL: Kasumigaseki Capital Co., Ltd. Press release: November 29, 2024 Notice regarding acquisition and sale of real estate for sale Kasumigaseki Capital Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo, Representative Director: Koshiro Kawamoto, hereinafter referred to as the “Company”) is a subsidiary of the Company, fav Hospitality Group Co., Ltd. (hereinafter referred to as “FHG”), is located in Nagoya City, Aichi Prefecture. We would like to inform you that the acquisition and settlement of land and buildings in the ward was completed today, and a fixed-term commercial lease was established for the land, which was sold and settled on the same day. The building is owned by FHG and will be renovated and rebranded in the future. 1. Summary of the matter Our company is working on the development of hotels with the aim of realizing a tourism-oriented nation and contributing to regional revitalization, and has developed hotel brands for large groups (“fav”, “FAV LUX”, “seven x seven”) and culture business hotels ” BASE LAYER HOTEL” is being developed nationwide. The newly acquired building will be an “existing business hotel in a prime location” located in the city center where high demand is expected. FHG will carry out renovation and rebranding in the future. 2. Project overview (1) Location Naka Ward, Nagoya City, Aichi Prefecture (2) Site area 1,120.98 square meters (3)Total floor area 7,460.90 square meters 3. Business partner and transaction price Regarding business partners and transaction prices, we will refrain from disclosing them due to the confidentiality agreement between FHG and our business partners. Please note that there are no capital or personnel relationships that should be noted between the Company, FHG, and business partners, and there are no problems with their
attributes. 4. Future outlook The sale of the above land has already been factored into the consolidated financial forecast for the fiscal year ending August 2025. Sales are recorded when the performance obligation is satisfied (sales settlement). ■List of planned hotel development projects
https://prcdn.freetls.fastly.net/release_image/48076/267/48076-267-74bff1aa1e4ab5cac37434b594446390-783×951.png ■List of facilities under hotel operation
https://prcdn.freetls.fastly.net/release_image/48076/267/48076-267-88bdb6ea5fc3fb148ec5619a7f8c6870-783×547.png ・Company profile Company name: Kasumigaseki Capital Co., Ltd. Established: September 2011 Representative: Representative Director Koshiro Kawamoto Head Office: 22nd Floor, West Building, Kasumigaseki Common Gate, 3-2-1 Kasumigaseki, Chiyoda-ku, Tokyo 100-0013 Capital: 18,493,920,000 yen (including capital reserve) *As of the end of August 2024 Number of employees: 256 (independent) *As of the end of August 2024 Main business: Real estate consulting (logistics facility development, hotel development, healthcare facility development, overseas business)