Appliance manufacturer acquires Forest Hills in Omotesando

Rinnai Corporation has acquired Forest Hills East and West in Omotesando for an undisclosed price. The two buildings have a total floor size of 5,551 sqm (59,700 sq.ft) and sit on 1,843 sqm of land in the Minami Aoyama 4 Chome address.Read more

Omotesando's real estate market in 2021

Let’s take a quick look at how Omotesando’s residential real estate market for apartments has performed over the past 12 months.

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New office building for Omotesando

Construction has started on a 60-meter tall office building in Omotesando. The joint project by Mitsubishi Jisho and Goko is scheduled to be completed by February 2023.

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Omotesando Real Estate

Omotesando is Japan’s fashion district. It is home to the flagship boutiques of some of Japan's top designers as well as international luxury labels such as Prada, Chanel and Balenciaga. The area also has educational facilities including the Aoyama Gakuin University, British School and the United Nations University.

The Omotesando neighbourhood, which includes Minami Aoyama, Kita Aoyama and Jingumae, is the most desirable and sought-after area to live in central Tokyo. Demand for both new and old properties is high while supply is extremely limited. Development sites are also in short supply which is limiting future supply. The majority of residential properties that appear on the market in Omotesando are apartments. The luxuriously designed multi-million-dollar homes in this area are tightly held and rarely offered for sale.

The following is a selection of apartments, houses, land and investment properties for sale in the Omotesando area:

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Quick real estate news summary for the week

Luxury brand opens retail alongside Omotesando Avenue, Kamakura museum bid withdrawn, and 40% of brokerages see drop in rental transactions in January and February. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.

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Avex sells HQ building for 70 billion Yen

According to the Nikkei Shimbun, music and entertainment production company Avex is selling their headquarter building in Omotesando for an estimated 70 billion Yen (approx. US$675 million). 

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Avex looks to sell Omotesando headquarters

On November 10, Toyo Keizai Online reported that major music producer Avex is making moves to sell its 18-story headquarters in Minami Aoyama, Tokyo. Avex would then lease the building back from the buyer.

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Yoku Moku acquires Omotesando retail building

Long-established confectioner Yoku Moku has acquired a commercial building across the street from their flagship Aoyama store.

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TOD’S Omotesando Building sold to Kering

Gucci owner and global luxury group Kering has purchased the Tod’s Omotesando building through a special-purpose company. The seller was a subsidiary of Tod’s. 

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The Parkhouse Gran Minami Aoyama 2F


Apt. 2F | 2 Bedroom + 1 Bathroom |  100.58 sqm (1,082 sq.ft)
Minami Aoyama, Minato-ku, Tokyo

Price per square meter: ¥- | Monthly building fees: ¥80,141

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