Please be informed that Minato Management Co., Ltd. (headquartered in 1-1-12 Toranomon, Minato-ku, Tokyo, Japan; President (CEO) Tatsuto Kuramoto) has acquired real estate for a joint investment and development project.

Minato Management has been engaged in real estate investment business since June 2018, and we have succeeded in realizing the sale (exit) of the real estate, our company’s first investment project in this field, at an early stage, as we stated in our news release dated April 19, 2019, “Minato Completes Construction and Delivers Building in Fukuoka City for Real Estate Investment.” This time, as our second investment, Minato Management started a new project with acquiring the land for development. 

As in the case of our first investment project, we plan to go forward with the new one as a joint development project with NK Trust Co., Ltd. (headquartered in 4-1-4-1 Yakuin, Chuo-ku, Fukuoka City, Fukuoka Prefecture, Japan; President (CEO) Tomoaki Motai; hereinafter referred to as NK Trust). With respect to real estate, NK Trust has a strong network in the Kyushu region centered on Fukuoka Prefecture and a high level of experience in planning and constructing high-quality housing. Consequently, the acquisition of the land for this project was realized through sourcing (collection of property information) by NK Trust. Going forward, the development will be moved forward by an SPC (a corporation that Minato Management will establish for this investment project). Whereas NK Trust will plan buildings that are suitable for the acquired land, Minato Management will raise funds necessary for the development and make the investment. Both companies will jointly develop profit plans and exit strategies.

Minato Management will continue to proactively invest in real estate across Japan in order to rejuvenate regional economies. Additionally, by developing a business environment necessary for the forming of funds and making of investments, the company is looking to promote an economic circulation based on “local production and local consumption” by collaborating with local companies.

 

[Outline of the Investment Property]
Location: Hakata-ku, Fukuoka City, Fukuoka Prefecture
Size of land: 132.3 square meters