Omotesando retail sells for 6.5 billion Yen
Takara Leben Real Estate Investment Corporation will pay 6.52 billion Yen (approx. 61 million USD) to acquire the trust beneficiary rights to the Almost Blue retail building in Omotesando. The sale is expected to take place this month.
House in Minami Aoyama sells for 3.8 billion Yen
Apparel company Onward Holdings has sold a company-owned house in Minami Aoyama for 3.81 billion Yen (approx. 36 million USD). The buyer was developer Tokyu Land.
18-storey apartment tower for Minami Aoyama 7 Chome
Sumitomo Realty & Development is planning a 63-meter tall, 18-storey apartment building in Minato’s Minami Aoyama address. There will be approximately 115 apartments in total.
Former apartment building in Omotesando to be redeveloped into retail
The vintage Minami Aoyama 571 apartment building in Omotesando has been demolished to make way for a retail store. The former building was privately developed in 1988 with 4 apartments over 4 floors. Back in early 2015 a full floor apartment was listed for sale for approximately 270 million Yen - a relative steal since it included a 130 sqm share of the land. Unfortunately several of our clients passed on this opportunity. Not long after, the apartment owners appear to have sold the building and land at an undisclosed but potentially attractive price. It was demolished several months ago by the new owner - a large real estate developer.
Hankyu Realty planning 2 residential projects for Tokyo's top neighbourhoods
Hankyu Realty, an Osaka-based real estate developer, is developing two high-end projects located in Tokyo's prime residential neighbourhoods of Aoyama and Azabu.
Motoazabu 3 Chome Project:
A 5-storey apartment building containing 19 units, and walking distance from Roppongi Station. The 1,000 sqm site, which has been a car park for several years, was listed for sale back in 2010 for 1.18 billion Yen. It is just 400 meters from Roppongi Hills and across the street from the San Marino Embassy. Read more
26-storey apartment building for Minami Aoyama
A 26-storey, 105 meter tall apartment building is currently under construction in the Minami Aoyama 2 Chome address in central Tokyo. The Minami Aoyama 2 Chome Project is due for completion in late February 2018. The developer is Mitsui Fudosan Residential, with construction and planning by Obayashi Corporation.
The 3,910 sqm site is located alongside Gaien-Higashi Street and on the very northernmost point of the historic Aoyama Cemetery. In the past the site had a mix of several small buildings and has been a car park for the past few years. It is directly across the street from Aoyama Park (North), which was was originally barracks for the Imperial Army.Read more