JPR to Acquire Additional Office Condominium Unit in Dojima, Osaka, Bringing Ownership to 100%

Japan Prime Realty Investment Corp. announced on March 26, 2026, that it will acquire an additional condominium ownership interest in “JPR Dojima West” in Dojima, Kita Ward, Osaka. The acquisition price is JPY 105 million. The asset will be acquired from sponsor Tokyo Tatemono Co., Ltd. The investment corporation already owns a 95.4% interest in the property, and this acquisition will bring its ownership to 100%.

The portion being acquired is space on the first floor with an exclusive area of approximately 43 tsubo (141.50 sq. m.) (approx. 1,523 sq. ft.). The space is currently 100% occupied. The building as a whole is a seven-story building with one basement level of steel-reinforced concrete construction, completed in July 1996. The appraised value is JPY 133 million, and the NOI cap rate is 5.3%.

The investment corporation decided on the acquisition with the aim of improving portfolio quality and profitability. The property is conveniently located a five-minute walk from Nishi-Umeda Station on the Osaka Metro Yotsubashi Line and a nine-minute walk from JR Osaka Station. Nearby, the ONE DOJIMA PROJECT, comprising Brillia Tower Dojima and Four Seasons Hotel Osaka, both developed by Tokyo Tatemono, was completed and opened in 2024, further enhancing the area’s competitiveness.

Large-scale redevelopment projects continue across the Umeda and Dojima area. In the Umekita Phase 2 district north of JR Osaka Station, Grand Green Osaka held its initial opening in September 2024, followed by the opening of its South Building in March 2025. A number of luxury hotels, including Waldorf Astoria Osaka, have also opened. With full completion of the overall district slated for fiscal 2027, the area’s drawing power and brand appeal are expected to strengthen further, with positive spillover effects anticipated for the Dojima area where the property is located.

Key Facts

• Property Name:

  JPR Dojima West (First-Floor Portion)

• Buyer:

  Japan Prime Realty Investment Corp.

• Seller:

  Tokyo Tatemono Co., Ltd.

• Acquisition Price:

  JPY 105 million

• Appraised Value:

  JPY 133 million (as of January 31, 2026)

• Going-In Cap Rate:

  3.7%

• NOI Cap Rate:

  5.3%

• Location:

  2-3-5 Dojima, Kita-ku, Osaka, Osaka Prefecture

• Nearest Station:

  5-minute walk from Nishi-Umeda Station on the Osaka Metro Yotsubashi Line

• Completion:

  July 1996

• Number of Floors:

  7F / B1

• Area:

  Exclusive Area approximately 43 tsubo (141.50 sq. m.) (approx. 1,523 sq. ft.); Gross Floor Area approximately 1,506 tsubo (4,977.52 sq. m.) (approx. 53,578 sq. ft.) for the entire building

• Occupancy:

  100%