Real estate developer Rebita has acquired a partial ownership interest in luxury rental complex Grosvenor Place Kamizono-cho.
The 4-story, 45-unit apartment building is located right on the edge of Yoyogi Park in Shibuya. With an average apartment size of 230 sqm (2,475 sq.ft), this is on the very upper end of the high-end residential market in the city center.
Typical monthly rents for three, four and five bedroom apartments range from 1.3 ~ 3.6 million Yen, with an average monthly apartment rent of around 2 million Yen (approx. US$18,000).
Grosvenor Limited developed the rental building in 2008 in a joint venture with Tokyo Tatemono.
Source: Rebita News Release, January 30, 2020.
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