Hankyu Hanshin REIT Acquires Ueno Okachimachi Office Building for JPY 3.2 Billion

Hankyu Hanshin REIT, Inc. will acquire the trust beneficiary interest in the “Hankyu Hanshin Ueno Okachimachi Building” for JPY 3.213 billion. The seller is a domestic operating company (undisclosed). The appraised value was JPY 3.68 billion. Closing is scheduled for September 30, 2025.

The property, completed in January 2022, is a 12-story compact office building with a gross floor area of about 656 tsubo (approx. 21,685 sq. ft.). It is located a one-minute walk from Tokyo Metro Hibiya Line’s “Naka-Okachimachi” Station and a four-minute walk from JR “Okachimachi” Station.

Key Facts

• Property Name: Hankyu Hanshin Ueno Okachimachi Building

• Buyer: Hankyu Hanshin REIT, Inc.

• Seller: Domestic operating company (undisclosed)

• Transaction Price: JPY 3,213 million

• Location: 4-9-2 Taito, Taito-ku, Tokyo

• Nearest Station: Naka-Okachimachi Station (Tokyo Metro Hibiya Line) – 1 min walk / Okachimachi Station (JR) – 4 min walk

• Completion: January 2022

• Number of Floors: 12F

• Gross Floor Area: approx. 656 tsubo (approx. 21,685 sq. ft.)