Meiji Shipping Co., Ltd. (TSE:9115) signed a provisional agreement to acquire the buildings of Seaside Hotel Maiko Villa Kobe from the Kobe city council for ¥2.4 billion on January 31, 2013. The Board of Directors of Meiji resolved the transaction on January 31, 2013. The property handover date will be after the necessary resolution of the Kobe City Council regarding the sale of the buildings.

In addition, Meiji Shipping Co also exchanged a 30 year fixed-term leasehold agreement with the city of Kobe.