Japan Real Estate Asset Management Co., Ltd. agreed to acquire Front Place Nihonbashi for ¥17.56 billion on January 11, 2018. Japan Real Estate Asset Management Co., Ltd. will pay the consideration at the closing of the transaction. The transaction will be funded through the proceeds from the disposal of Shibuya Cross Tower, loans and cash in hand. The transaction is approved by the compliance committee. Front Place Nihonbashi reported annual revenue of ¥0.84 million. The transaction will enter into execution of the agreement for the acquisition on January 18, 2017 and it is expected to close on January 19, 2018. Japan Real Estate Asset Management Co., Ltd. completed the acquisition of Front Place Nihonbashi on January 19, 2018.