Apr. 27, 2012 Property

Changing the Name of a Property and Opening "Round 1 Stadium Sennichimae"

Japan Retail Fund Investment Corporation (JRF) announced that the name of a property owned by JRF changed as below.

1. Property to have name changed

New Name: Round 1 Stadium Sennichimae (Land with leasehold interest)
Old Name: (Tentative) Round 1 Namba Sennichimae (Land with leasehold interest) 

2. Reason for the change

Due to the opining "Round 1 Stadium Sennichimae" 

3. Date of name change

April 27, 2012 

4. Introduction of "Round 1 Stadium Sennichimae"

New Round 1 opened in Namba Sennichimae area(Osaka City), one of Japan's most popular shopping district, on April 27, 2012, and it's the 6th shop in Osaka area.
On SPO-CHA floor, customer can enjoy playing not only bowling and other game but also tennis, futsal, 3 on 3 basketball, billiard and karaoke. 

5.Effects on JRF

JRF acquired land with leasehold interest of Round 1 Stadium Sennichimae, which was under development, on September 27, 2011.
With the opening, monthly rent(land rent) will increase from 30 million yen to 40 million yen. As a result, NOI yeild will be 5.6%.

(*At first, we estimated NOI yeild would be about 4.6% which was based on the rent during construction term and after opening.


Japan Metropolitan Fund Investment Corporation
KJR Management
Tel: +81-3-5293-7081