Sohgo Housing Invests in SPC Acquiring Two Tokyo Multifamily Assets

Sohgo Housing announced on August 29 that it has invested in a special purpose company established to acquire two rental residential properties in Tokyo: Sangubashi Mansion in Shibuya Ward and Residence Shirokane Park Front in Minato Ward.

Sangubashi Mansion is located a five-minute walk from Hatsudai Station on the Keio Line and a six-minute walk from Sangubashi Station on the Odakyu Line. The property was completed in 1993, with seven floors above ground and two below, offering a gross floor area of approx. 9,610 sq. m. (approx. 103,400 sq. ft.).

Residence Shirokane Park Front is a three-minute walk from Shirokane-Takanawa Station on the Tokyo Metro Namboku Line and Toei Mita Line. Completed in 2008, the 10-story building provides a gross floor area of approx. 1,333 sq. m. (approx. 14,350 sq. ft.).

Asset management for the fund that will operate these two properties is handled by Dai-ichi Life Realty Asset Management.

Key Facts

• Property Name: Sangubashi Mansion

  • Seller: Not disclosed

  • Transaction Price: Not disclosed

  • Location: 4-41-7 Yoyogi, Shibuya-ku, Tokyo

  • Nearest Station: Hatsudai Station (Keio Line) 5-min walk / Sangubashi Station (Odakyu Line) 6-min walk

  • Completion: July 1993

  • Number of Floors: 7F / B2

  • Units: 71

  • Gross Floor Area: 9,610.58 sq. m. (approx. 103,400 sq. ft.)

• Property Name: Residence Shirokane Park Front

  • Seller: Not disclosed

  • Transaction Price: Not disclosed

  • Location: 1-12-6 Shirokane, Minato-ku, Tokyo

  • Nearest Station: Shirokane-Takanawa Station (Tokyo Metro Namboku Line, Toei Mita Line) 3-min walk

  • Completion: January 2008

  • Number of Floors: 10F

  • Units: 30

  • Gross Floor Area: 1,332.92 sq. m. (approx. 14,350 sq. ft.)