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SANKEI REAL ESTATE Inc.

SANKEI REAL ESTATE Inc. was incorporated under the Act on Investment Trusts and Investment Corporations. It was organized by Sankei Building Asset Management Co., Ltd. and sponsored by The Sankei Building Co., Ltd., with an initial capital investment of 100 million yen (1,000 units) on November 19, 2018. The company completed registration with the Kanto Local Finance Bureau on December 17, 2018 (Registration No. 140). It listed on the Real Estate Investment Trust Securities Market of the Tokyo Stock Exchange on March 12, 2019 (TSE code: 2972). In October 2023, it converted from an office-building-oriented REIT to a comprehensive REIT. As of February 28, 2025, total investment units issued and outstanding were 467,099 units, and unitholders' capital (net) was 49,435 million yen.

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Sankei RE backs tender offer from former Murakami Fund affiliate

Sankei Real Estate Investment Corporation announced on the 25th that it has expressed its support for the tender offer for its investment units by City Index Fifth, an investment company affiliated with the former Murakami Fund, while at the same time resolving to leave the decision on whether to tender to the judgment of unitholders. City Index Fifth plans a tender offer aimed at taking Sankei RE private, from September 28 to November 10, at 125,000 yen per investment unit, with a minimum planned purchase of 118,732 units. The closing price on the 25th was 107,200 yen, up 2 percent from the previous day. Regarding Sankei RE, a tender offer conducted by real estate company Tosei and others from January through May had ended in failure. Subsequently, a change report filed on August 7 revealed that City Index Eleventh, an investment company affiliated with the former Murakami Fund, holds a combined 29.90 percent together with joint holder Aya Nomura and others. Nomura and the others will not tender into the current offer and plan to comply with the procedures for taking the company private should the offer succeed.
2972.JP · Capital · Positive Sankei RE supports City Index Fifth's tender offer at 125,000 yen/unit, a premium to the 107,200 yen close, taking it private.
City Index Fifth · Capital · Positive City Index Fifth is the acquirer launching the tender offer to take Sankei RE private at 125,000 yen per unit.
City Index Eleventh · Capital · Neutral City Index Eleventh holds 29.90% with joint holders and will not tender, planning to comply with take-private procedures if the offer succeeds.
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