THE Global Co. Completes Rental Apartment in Tobe, Yokohama
THE Global Co. has completed the “Tobe Honcho Project,” developed as part of its income-producing apartment business. Located a one-minute walk from Tobe Station on the Keikyu Main Line, the property targets single tenants who prioritize access to central Tokyo. The company has already entered into an agreement to sell the entire building.
The property is a reinforced-concrete, 11-story rental apartment building with 42 units. It offers direct access to both Yokohama Station and Shinagawa Station, with convenient connectivity to Haneda Airport as well. The surrounding area includes Tobe Park and the Minato Mirai district, with a strong lineup of retail amenities.
THE Global Co. is a Tokyo Stock Exchange Standard-listed integrated real estate developer and became a consolidated subsidiary of SBI Holdings in 2022. In addition to supplying more than 100 condominium buildings (over 4,100 units) under its “Willrose” brand, the company delivered 14 income-producing properties in the fiscal year ended June 2024. Its income-property business model centers on selling assets to investors after development, and the company is working to diversify exit strategies by leveraging the SBI Group’s financial capabilities.
Yokohama’s Nishi Ward is one of the few areas among the city’s 18 wards where population growth is projected through 2050. Employment in the Minato Mirai district exceeded 140,000 as of the end of 2024—an increase of about 10,000 year-over-year—and single-person households around Tobe Station continue to trend upward.
Key Facts
Property Name: Tobe Honcho Project
Sponsor/Developer: THE Global Co., Ltd.
Location: Tobe Honcho, Nishi Ward, Yokohama City, Kanagawa Prefecture
Nearest Station: 1-minute walk from Tobe Station (Keikyu Main Line)
Completion: January 2026
Scale: Reinforced concrete; Number of Floors: 11F / B0
Total Units: 42