Jingumae designer building sold for 9 billion Yen

Terrazza Aoyama Building Jingumae 1

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.

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New retail project for Omotesando/Harajuku intersection

Coop Olympia Annex 1

The Jingumae 6 Chome District Redevelopment Committee is moving forward with plans to redevelop a prime 3,000 sqm retail site fronting both Omotesando and Meiji Dori Avenues.

The redevelopment committee was established in August 2015 and includes Tokyu Land (who acquired Coop Olympia Annex in 2013), Colombin Co. (a biscuit and cake company that have their headquarters next-door to Coop Olympic Annex), part of Tokyo Metro’s subway facilities (the Chiyoda and Fukutoshin Lines are both located nearby), and the Tokyo Metropolitan Government (owner of the Jingumae Onden Resident Hall).

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Ralph Lauren Building in Omotesando to be sold for 35 billion Yen

Mitsubishi Corporation have entered into final negotiations to purchase the Espoir Omotesando building for 35 billion Yen (340 million USD). The sellers – Secured Capital Investment Management, Orix and Trinity Investment – acquired the building in 2010 for 31 billion Yen. It was one of the biggest transactions in Japan that year. 

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Jingumae 5 Chome Blanche

Average price: 2,000,000 Yen/sqm
Size range: 77.00 ~ 131.29 sqm (829 ~ 1413 sqft)

Location: Jingumae, Shibuya-ku

 CURRENT SALE LISTINGS

Please contact us using the inquiry form at the bottom of this page for details on current availability.

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Jingumae 5 Chome Blanche is a high-end condominium located in the trendy Jingumae 5 Chome area and just a short walk to the tree and boutique-lined Omotesando Dori Avenue. 

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The Jingumae Residence 84% sold

The Jingumae Residence, a recently completed condominium near Omotesando, has seen a surge in sales in the first half of 2013.

The sales office and showroom opened in January 2012. Of the 148 apartments available for sale, only 60 were sold in 2012. By mid-2013, a total of 125 apartments had sold, leaving 23 apartments remaining for sale. Approximately 15% of the buyers have been foreign investors from Singapore, Hong Kong and Taiwan.

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US-based firm acquires two Omotesando buildings

Elliott Management, a US-based fund management firm, has acquired two buildings in prime locations just across the street from Omotesando Hills.

(1) 21st SY Building (fronting Omotesando Avenue and next to the Emporio Armani boutique). The 6-storey building is on a 360 sqm block of land. The 2011 assessed land value (koji-chika) for this site was 9,300,000 Yen/sqm.

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Harajuku Danchi Reconstruction Plans

Nippon Steel City Produce and Mitsui are redeveloping the Harajuku Danchi apartments alongside Gaien Nishidori in Shibuya-ku’s Jingumae 3 Chome neighborhood.

The original 6 buildings were completed in 1957. The buildings were considered modern for their time and were a landmark for the area. Due to aging and deterioration, reconstruction plans were made and the apartments were vacated in 2010.

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