To All Concerned Parties
April 16, 2026
6-8-7 Ginza, Chuo-ku, Tokyo Frontier Real Estate Investment Corporation Toshihide Ichikawa, Executive Director
(Securities Code: 8964)
Asset Management Company: Mitsui Fudosan Frontier REIT Management Inc.
Shigekazu Yokochi Chief Executive Officer and Representative Director
Inquiries: Mitsui Fudosan Frontier REIT Management Inc.
Morio Shibata Chief Finance Officer and Director
Tel: +81-3-3289-0440
Notice Concerning Completion of the Acquisition of Trust Beneficiary Rights to Real Estate Properties in Japan
(Naha Kokusai Dori Kumoji Terrace, Don Quijote Kokusaidori Kumoji)Frontier Real Estate Investment Corporation (the "Investment Corporation") hereby announces that the acquisition of trust beneficiary rights to real estate properties (the "Acquisition") has completed today, as stated in the December 18, 2025 press release titled "Notice Concerning Acquisition of Trust Beneficiary Rights to Real Estate Properties in Japan (Mitsui Shopping Park LaLaport IZUMI; additional acquisition of a 71.5% quasi co-ownership stake; and two other properties)" .
Details of the Acquisition
(1) Property name*1
Naha Kokusai Dori Kumoji Terrace
Don Quijote Kokusaidori Kumoji
(2) Type of asset
Trust beneficiary rights to real estate
(3) Acquisition price*2
¥1,598 million (Land: ¥1,155 million;
building: ¥442 million)
¥871 million (Land: ¥649 million;
building: ¥222 million)
(4) Contract date
December 18, 2025
(5) Acquisition date
April 16, 2026 (delivery and clearance date)
(6) Seller
Kanden Realty & Development Co.,Ltd.
(7) Broker's involvement
Savills Japan Co., Ltd.
(8) Acquisition financing
Self-financing
(9) Payment method*3
Payment of ¥10 million as earnest money at the contract date and the remaining amount at the time of delivery
*1 The Investment Corporation plans to change the property names from "M Building Naha Kokusai Dori I" to "Naha Kokusai Dori Kumoji Terrace" and from "M Building Naha Kokusai Dori II" to "Don Quijote Kokusaidori Kumoji Store" effective June 1, 2026.
*2 The amount noted here excludes miscellaneous acquisition costs, real property taxes, city planning taxes, consumption taxes, etc.
*3 Both the seller and the Investment Corporation confirmed that this earnest money is construed only as an earnest money deposit and not as a cancellation deposit. Therefore, the seller is not allowed to cancel the contract
regarding the sale of the Acquisition even if it repays the earnest money in double. Similarly, the Investment Corporation is not allowed to cancel this contract even if it forfeits its rights to the earnest money.
Others
Please refer to the press release "Notice Concerning Acquisition of Trust Beneficiary Rights to Real Estate Properties in Japan (Mitsui Shopping Park LaLaport IZUMI; additional acquisition of a 71.5% quasi co-ownership stake; and two other properties)" announced on December 18, 2025 for details.
Frontier Real Estate Investment Corporation website: https://www.frontier-reit.co.jp/en/
DisclaimerThis information was originally publicized in the original Japanese language and has been translated for reference purposes only. Frontier Real Estate Investment Corporation guarantees neither the completeness nor the accuracy of this English translation. For complete and accurate information, please refer to the press release in Japanese. In addition, this press release is not prepared as an inducement or invitation for investment. All readers are advised to consult their own investment advisors before inv esting in the Investment Corporation. Investment decisions are made at the investor's sole discretion and responsibility and are made at th eir own risk. The Investment Corporation and its affiliates disclaim any responsibility or liability for the consequence of investment in the Investment Corporation.