Japan Excellent Inc (TSE:8987) signed an agreement to acquire additional interest in Kawasaki Nisshincho Building from Kagami Kinzoku K.K. for ¥520 million on April 15, 2013. The transaction is expected to close on April 17, 2013.

Japan Excellent Inc (TSE:8987) agreed to acquire Kowa Nishi-Shimbashi Building from Nippon Steel Kowa Real Estate Co., Ltd. for ¥3.9 billion on March 27, 2013. The transaction will be financed by debt financing and cash in hand. The impact of the acquisition of the property on Japan Excellent Inc’s forecast operating results for the fiscal period ending June 2013 and the fiscal period ending December 2013 is minimal. The transaction is expected to close by March 28, ... 2013.
Read More

Japan Excellent Inc (TSE:8987) agreed to acquire Akasaka Intercity and Osaka Kogin building from Nippon Steel Kowa Real Estate Co., Ltd. for ¥12.1 billion on January 10, 2013. Japan Excellent Inc will acquire Akasaka Intercity for ¥10.3 billion and Osaka Kogin building for ¥1.8 billion. In a related deal, Japan Excellent Inc will acquire Core City Tachikawa and SE Sankyo Building. The deal is funded from issuance of new investment units, debt financing or funds on hand. ... The settlement is planned to be made at once when the acquisition is made. The execution of the agreement is subject to the conditions precedent that funds necessary for the acquisition of the trust beneficiary interest is or can be secured through the issuance of new investment units or debt financing. As of January 23, 2012, 0.03 million units will be issued for ¥14.4 billion from the public offering for the payment for the acquisition of properties. As of January 29, 2012, Mizuho Corporate Bank, Ltd. will provide individual loan in the amount of ¥4.5 billion and the proceeds will be applied towards payment for acquisition of properties. The deal is expected to close on February 5, 2013. Japan Real Estate Institute acted as appraiser for the properties.
Read More

Japan Excellent Inc (TSE:8987) entered into an agreement to acquire Core City Tachikawa from Tachikawa Akebono-cho Capital Specific Purpose Company for ¥6.5 billion on January 10, 2013. In a related deal, Japan Excellent Inc will acquire Akasaka Intercity, Osaka Kogin building and SE Sankyo Building. The deal will be partially funded from issuance of new investment units of ¥16.5 billion, debt financing of ¥4.5 billion from Mizuho Corporate Bank, Ltd or funds on hand ... with total proceeds. The deal is expected to close on February 5, 2013. Japan Real Estate Institute acted as appraiser for the property.
Read More

Japan Excellent Inc (TSE:8987) entered into an agreement to acquire SE Sankyo Building from Polaire LLC for ¥5.5 billion on January 10, 2013. In related transactions, Japan Excellent Inc will also acquire Osaka Kogin building, Akasaka Intercity and Core City Tachikawa. The transaction will be funded proceeds from issuance of new investment units, debt financing or funds on hand. Japan Excellent Inc decided to issue 33,000 investment units through a public offering and ... 3,300 investment units through a private placement to Mizuho Securities Co., Ltd. to raise ¥16.5 billion in order to fund the acquisitions. Japan Excellent borrowed ¥4.5 billion from Mizuho Corporate Bank, Ltd. for the transaction. The transaction is expected to be completed on March 1, 2013. The agreement is expected to contribute to the enhancement of the investor value for Japan Excellent Inc. Chuo Real Estate Appraisal Co., Ltd. acted as property appraiser in the transaction.
Read More

Sponsored Financial Commentaries

To contact JAPAN EXCELLENT INC, please visit . Company data is provided by Capital IQ. Please use this form to report any data issues.

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.