Jingumae designer building sold for 9 billion Yen
ORIX JREIT Inc. announced that they will be acquiring the trust beneficiary rights to the Terrazza Aoyama building in Jingumae at the end of September. The acquisition price is 9 billion Yen (approx. 87 million USD), excluding tax, resulting in a net operating income of 4.2%. The seller was RD Legend Alpha SPC.
The building is located alongside Gaien Nishi Street and is 400 meters from the Olympic Stadium site and 650 meters from Gaienmae Station on the Ginza Subway Line.Read more
Tokyo apartment sales in August 2016
The following is a selection of apartments that were sold in central Tokyo during the month of August 2016:Read more
Tokyo Apartment Sales in July 2016
The following is a selection of apartments that were sold in central Tokyo during the month of July 2016:Read more
Tokyo apartment sales in June 2016
The following is a selection of apartments that were sold in central Tokyo during the month of June 2016:Read more
Tokyo Apartment Sales in May 2016
The following is a selection of apartments that were sold in central Tokyo during the month of May 2016:Read more
116-year old building in Kobe to be razed by developer
One of Kobe’s earliest western-style buildings has been sold to a developer and will be demolished to make way for a high-rise apartment building. The property, which was sold along with an adjoining block of land, had a price tag of several billion Yen.
81-yr old building in Kamakura sold to sake brewery
The Kumazawa Brewing Company, a Chigasaki-based sake brewery established in 1873, has purchased the former Kamakura Pumping Station for 96.5 million Yen (approx. 860,000 USD). The seller was Kanagawa Prefecture.Read more