Nomura Real Estate Sells Two PMO Office Properties in Hatchobori and Akihabara

Nomura Real Estate sold two relatively new, mid-size high-grade office properties in its "PMO" series in March 2026. The properties are PMO Hatchobori V and PMO Akihabara III, and the buyer is N.PRO1 GK.

PMO Hatchobori V, completed in April 2023, is an 11-story building with a standard floor area of approximately 76 tsubo (approx. 2,700 sq. ft.), located along Shin-Ohashi-dori Avenue within a five-minute walk of Shintomicho and Hatchobori Stations. PMO Akihabara III, completed in August 2024, is an 8-story building with a standard floor area of approximately 105 tsubo (approx. 3,700 sq. ft.), located along Yanagihara-dori Avenue within a five-minute walk of Akihabara and Iwamotocho Stations. As of June 2026, the vacancy rate for office buildings within a five-minute walk of a station and with standard floor areas under 200 tsubo stood at approximately 2.8% around Hatchobori Station and approximately 1.9% around Akihabara Station, reflecting tight supply and demand (research by the editorial team based on estie office research).

Nomura Real Estate also sold PMO Shibuya II, in Shibuya 3-chome, Shibuya Ward, to an SPC in August 2025, continuing its practice of externalizing developed PMO properties as investment products. The buyer in this transaction, N.PRO1 GK, is a godo kaisha established in February 2026 and is located at BLUE FRONT SHIBAURA TOWER S, where the Nomura Real Estate Group's headquarters are based. By converting the relatively new PMO properties into trust beneficiary interests before transferring them to the SPC, the company appears to be locking in profits on developed properties and recycling capital toward new development.

Key Facts

• Buyer: N. PRO No. 1 LLC
• Seller: Nomura Real Estate Development Co., Ltd.
• Trustee: SMBC Trust Bank Ltd.
• Acquisition Type: Trust beneficiary interest
• Transfer Date: March 30, 2026
• Property Name: PMO Hatchobori V
• • Location: 2-2 Iribune, Chuo-ku, Tokyo
  • Nearest Station(s): Three-minute walk from Shintomicho Station on the Tokyo Metro Yurakucho Line / Four-minute walk from Hatchobori Station on the Tokyo Metro Hibiya Line and JR Keiyo Line / Six-minute walk from Tsukiji Station on the Tokyo Metro Hibiya Line
  • Completion: April 2023
  • Number of Floors: 11F (steel-frame construction)
  • Standard Floor Area: approx. 76 tsubo (approx. 2,700 sq. ft.) / Gross Floor Area: approx. 1,023 tsubo (approx. 36,400 sq. ft.)
• Property Name: PMO Akihabara III
• • Location: 2-2-5 Higashi-Kanda, Chiyoda-ku, Tokyo
  • Nearest Station(s): Four-minute walk from Iwamotocho Station on the Toei Shinjuku Line / Five-minute walk from Akihabara Station on the Tokyo Metro Hibiya Line / Six-minute walk from Akihabara Station on the JR Lines
  • Completion: August 2024
  • Number of Floors: 8F (steel-frame construction)
  • Standard Floor Area: approx. 105 tsubo (approx. 3,700 sq. ft.) / Gross Floor Area: approx. 902 tsubo (approx. 32,100 sq. ft.)