Nippon Building Fund Inc. (TSE:8951) agreed to acquire Mitsui-Sumitomo Bank Nagoya Building from Daisetsu Properties Yugen Kaisha for ¥14.9 billion on January 7, 2013. The consideration will be paid by a onetime payment upon handover. In a related transaction, Nippon Building Fund Inc. (TSE:8951), managed by Nippon Building Fund Management Ltd., agreed to acquire Celestine Shiba Mitsui Building, Gate City Osaki and Shimbashi M-Square from Mitsui Fudosan Co.

Ltd. (TSE:8801) for approximately ¥50 billion on January 7, 2013. The transaction will be financed from capital raised by issuance of new investment units of ¥66 billion, loans and own capital. For the year ended 2012 Mitsui-Sumitomo Bank Nagoya Building reported revenues of ¥1.2 billion.

The transaction is expected to be completed on February 1, 2013.