Apr. 27, 2012 Property
Changing the Name of a Property and Opening "Round 1 Stadium Sennichimae"
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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)
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.
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.
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.
Information
Japan Metropolitan Fund Investment Corporation
KJR Management
Tel: +81-3-5293-7081