Karuizawa Commongrounds (Land with leasehold interest)

Karuizawa Commongrounds
(Land with leasehold interest)

Karuizawa Commongrounds (Land with leasehold interest)1

information

90017

Location
1689-2, Aza-Toriiharawaki, Oaza-Nagakura, Karuizawa-machi, Kitasaku-gun, Nagano, etc.
Acquisition Price (mn Yen)
499
Date Acquired
Feb. 15, 2023
Land Size
11,315.43m2
Zoning
category I residential zone
Number of Tenants
1
Occupancy Ratio
100%

* In the case where JMF intends to sell the property to a third party, if it presents to Culture Convenience Club Co., Ltd. ("CCC") in advance the conditions of the sale to the third party, including the sale price, and CCC indicates its intention to purchase the property, JMF shall implement the procedures to enter into a sale contract for the property with CCC

The property, JMF's first "Positive Impact Real Estate Investment," is located in the Karuizawa area, one of the typical areas of holiday homes with the highest recognition and strongest brand power in Japan. And, Karuizawa Station, the center of the area, is easily accessible from Tokyo Station, taking approximately one hour by Shinkansen. CCC, the lessee, and the tenants to which CCC leases the building open a bookstore, educational facilities, shared offices, restaurants and other facilities on the land with leasehold interest. Together with the adjacent residences, this project will embody JMF's "live, work and consume" vision.

Map

90017

Karuizawa Commongrounds
(Land with leasehold interest)

Location
1689-2, Aza-Toriiharawaki, Oaza-Nagakura, Karuizawa-machi, Kitasaku-gun, Nagano, etc.
Acquisition Price (mn Yen)
499
Date Acquired
Feb. 15, 2023
Land Size
11,315.43m2
Zoning
category I residential zone
Number of Tenants
1
Occupancy Ratio
100%

* In the case where JMF intends to sell the property to a third party, if it presents to Culture Convenience Club Co., Ltd. ("CCC") in advance the conditions of the sale to the third party, including the sale price, and CCC indicates its intention to purchase the property, JMF shall implement the procedures to enter into a sale contract for the property with CCC

Karuizawa Commongrounds (Land with leasehold interest)