Activia Properties Inc. (TSE:3279) agreed to acquire the interests in Tokyu Plaza Ginza (Land), Q plaza HARAJUKU and EDGE Shinsaibashi from SPADE HOUSE Limited Liability Company, Tokyu Land Corporation and JACK.Y.K for ¥70.5 billion on November 30, 2018. The contract is anticipated to be signed on November 30, 2018. Under the terms, Activia Properties Inc. will acquire 30% interest in Tokyu Plaza Ginza (Land) from SPADE HOUSE Limited Liability Company for ¥37.5 billion, 60% interest in Q plaza HARAJUKU from Tokyu Land Corporation for ¥13.2 billion and 100% interest in EDGE Shinsaibashi from JACK.Y.K for ¥19.8 billion. In a related transaction, Activia Properties Inc. agreed to dispose off its interest in A-FLAG AKASAKA to ORB Limited Liability Company for ¥3.8 billion. The purchase price, to be paid on completion, will be financed through net proceeds from the issuance of new investment units through the domestic primary offering (for 41,940 units), the international offering (for 25,380 units) and the third-party allotment (for 5,200 units) raising a total of ¥31.8 billion, borrowing of funds (anticipated) and own funds of Activia Properties Inc. If financing is not completed as of January 10, 2019 for Tokyu Plaza Ginza (Land) and March 31, 2019 for Q plaza HARAJUKU and EDGE Shinsaibashi, the contract will expire. The transaction was approved by the Board of Directors of Activia Properties Inc. on November 30, 2018 and is expected to close on January 10, 2019. The acquisitions are expected to increase the cash distribution per unit of Activia Properties Inc. for the fiscal period ending May 31, 2019. JLL Morii Valuation & Advisory K.K. acted as an appraiser for Tokyu Plaza Ginza (Land), Japan Valuers Co., Ltd. acted as appraiser for Q plaza HARAJUKU and EDGE Shinsaibashi. Activia Properties Inc. (TSE:3279) completed the acquisition of interests in Tokyu Plaza Ginza (Land), Q plaza HARAJUKU and EDGE Shinsaibashi from SPADE HOUSE Limited Liability Company, Tokyu Land Corporation and JACK.Y.K on January 10, 2019.