Mitsui Fudosan Residential Sells Interest in Kodenmacho Rental Apartment Building
Mitsui Fudosan Residential sold its interest in PARK AXIS Kodenmacho, a rental apartment building in Iwamotocho 1-chome, Chiyoda-ku, Tokyo, in April 2026. The company placed its 70/100 co-ownership interest in the building in trust with Sumitomo Mitsui Trust Bank and transferred the trust beneficiary interest to M-SMY Investment GK.
The property is a three-minute walk from Kodenmacho Station on the Tokyo Metro Hibiya Line and a five-minute walk from Bakurocho Station on the JR Sobu Main Line. Completed in 2016, the 14-story building has 63 units in 1R/1K and 1LDK layouts. It is part of Mitsui Fudosan Residential's PARK AXIS rental apartment series, with Mitsui Fudosan Residential Lease serving as the lessor.
Mitsui Fudosan Residential had sold a 30/100 co-ownership interest in the property to Keikyu Corporation in April 2022, after which the two companies co-owned it. In April 2024, Keikyu placed its interest in trust and sold the beneficiary interest to M-SMY Investment GK. Over approximately two years, M-SMY Investment GK has thus acquired the entire ownership interest in the building from the two companies in the form of trust beneficiary interests.
Key Facts
- Property Name: PARK AXIS Kodenmacho
- Seller: Mitsui Fudosan Residential Co., Ltd.
- Buyer: M-SMY Investment GK
- Transferred Asset: Trust beneficiary interest in a 70/100 co-ownership interest in the building (Trustee: Sumitomo Mitsui Trust Bank, Limited)
- Transaction Date: April 10, 2026
- Location: 1-7-8 Iwamotocho, Chiyoda-ku, Tokyo
- Nearest Station(s): Three-minute walk from Kodenmacho Station on the Tokyo Metro Hibiya Line / Five-minute walk from Bakurocho Station on the JR Sobu Main Line / 11-minute walk from Akihabara Station on the JR Yamanote Line
- Completion: June 2016
- Number of Floors: 14F (reinforced concrete construction)
- Total Units: 63 (1R/1K: 25.28 sq. m (approx. 300 sq. ft.) to 31.28 sq. m (approx. 300 sq. ft.) / 1LDK: 34.54 sq. m (approx. 400 sq. ft.) to 45.16 sq. m (approx. 500 sq. ft.))
- Area: Gross Floor Area of approximately 765 tsubo (approx. 27,200 sq. ft.)
- Design: Muranaka Construction Co., Ltd. Tokyo Branch First-Class Architect Office
- Construction: Muranaka Construction Co., Ltd.