Press Release
March 12, 2008
Press Release for the Media: Investment Announcement
Press Release for the Media: Investment Announcement
Genkai Capital Management Co., Ltd. (referred to below as "GCM") has made investments via its real estate investment fund known as the "Genkai Capital Fund 2" (refereed to below as "GCF2"). Details are as follows.
Details
• Overview of Acquired Property
Address : 2-2-1 Asano, Kokurakita Ward, Kitakyushu City, Fukuoka
Site area : 4,728.98 m²
Building type / size : Steel frame, ferroconcrete, deck roof, one below-ground and ten above-ground floors
Floor space : 25,402.49 m²
• Description
The property is at a convenient location directory linked to the north exit of the JR Kokura Station. Featuring quality specifications, it is symbolic of the business centers of the Kokura district. A multiple-tenant building housing mostly subsidiaries, sales offices, and branches of stock market-listed companies, it is operating at over 90% capacity.
• Investment Strategy
Despite the fact that it is a relatively older building, built in 1979, the property boasts excellent quality specifications, and GCM plans to bolster its value with renovation of common areas and other facilities. In addition, in a joint initiative together with Kokura Enterprise Co., Ltd. (a wholly-owned subsidiary of Apamanshop Holdings Co., Ltd., securities code no. 8889), which manages buildings in the vicinity, GCM has secured parking space with a view to revitalizing the area around the north exit of Kokura Station with the KMM Building as a symbolic business center of the district.
• Inquiries
Press Release Coordinator
Genkai Capital Management Co., Ltd.
Shin Nihon Building 3F, 2-4-22 Daimyo, Chuo Ward, Fukuoka City
Phone: +81-92-739-2355 / Fax: +81-92-739-2354
Details
• Overview of Acquired Property
Address : 2-2-1 Asano, Kokurakita Ward, Kitakyushu City, Fukuoka
Site area : 4,728.98 m²
Building type / size : Steel frame, ferroconcrete, deck roof, one below-ground and ten above-ground floors
Floor space : 25,402.49 m²
• Description
The property is at a convenient location directory linked to the north exit of the JR Kokura Station. Featuring quality specifications, it is symbolic of the business centers of the Kokura district. A multiple-tenant building housing mostly subsidiaries, sales offices, and branches of stock market-listed companies, it is operating at over 90% capacity.
• Investment Strategy
Despite the fact that it is a relatively older building, built in 1979, the property boasts excellent quality specifications, and GCM plans to bolster its value with renovation of common areas and other facilities. In addition, in a joint initiative together with Kokura Enterprise Co., Ltd. (a wholly-owned subsidiary of Apamanshop Holdings Co., Ltd., securities code no. 8889), which manages buildings in the vicinity, GCM has secured parking space with a view to revitalizing the area around the north exit of Kokura Station with the KMM Building as a symbolic business center of the district.
• Inquiries
Press Release Coordinator
Genkai Capital Management Co., Ltd.
Shin Nihon Building 3F, 2-4-22 Daimyo, Chuo Ward, Fukuoka City
Phone: +81-92-739-2355 / Fax: +81-92-739-2354
