Heiwa Real Estate REIT, Inc. to Acquire Osaka’s Lucid Square Semba for JPY 4.72 Billion

Heiwa Real Estate REIT, Inc. announced on August 8, 2025, that it will acquire the Lucid Square Semba office building, located in Kyutaromachi 1-chome, Chuo Ward, Osaka. The acquisition price is JPY 4.72 billion, while the appraised value is JPY 5.2 billion.

The property is a one-minute walk from Sakaisuji-Hommachi Station on the Osaka Metro Chuo and Sakaisuji Lines. Each standard floor offers approximately 145 tsubo (approx. 4,800 sq. ft.) and can be divided to accommodate demand for small- to medium-sized offices. It features individual air-conditioning and a parking facility with 38 spaces, offering convenience for both subway commuters and companies using fleet vehicles.

In July 2023, the building earned the highest “S” rating under the CASBEE Real Estate Certification program, recognizing its high environmental performance and excellent management condition. The acquisition is expected to generate an NOI yield of 4.1% and a post-depreciation NOI yield of 3.7%. Following the acquisition, the REIT’s portfolio allocation to office assets will increase to 51.14%.

Key Facts

• Property Name: Lucid Square Semba

• Buyer: Heiwa Real Estate REIT, Inc.

• Seller: Not disclosed

• Transaction Price: JPY 4.72 billion

• Location: 1-9-26 Kyutaromachi, Chuo-ku, Osaka, Osaka Prefecture

• Nearest Station: Sakaisuji-Hommachi Station (Osaka Metro Chuo Line / Sakaisuji Line), 1-minute walk

• Completion: September 1992

• Number of Floors: 10F / B1

• Gross Floor Area: approx. 1,915 tsubo (approx. 63,300 sq. ft.)