Daiwa House REIT Investment Corporation (TSE:8984) signed a letter of intent to acquire Castalia Kyoto Nishi-shichijo from Daiwa House Industry Co., Ltd. (TSE:1925) for ¥1.0 billion on August 22, 2025. A cash consideration of ¥1 billion will be paid by Daiwa House REIT Investment Corporation. As part of consideration, ¥1 billion is paid towards assets of Castalia Kyoto Nishi-shichijo. The transaction will be financed through existing cash reserves.

The expected execution of the sale and purchase agreement and completion of the transaction is August 25, 2025.