On June 3rd, Lear<2998> announced that the Shibuya office building fund it offered on the commercial REITs online market "CREAL (Clear)" has closed due to full subscription.
The fund's property is named JP-BASE Shibuya, located in Shibuya-ku, Tokyo, about a 10-minute walk from JR Shibuya Station and a 9-minute walk from Ebisu Station. The asset type is offices and stores. The property is a set-up office where the lessor carries out interior design and installation of the office space, and rents out office furniture such as desks and chairs. This reduces the burden of designing the layout and performing interior work when moving in. The amount raised was 1.872 billion yen, expected yield was 5.0%, and the investment period is from June 28, 2024 to June 26, 2026.
The surrounding area has high demand as a business base and is home to a wide variety of companies.