Keikyu Development Acquires Rental Apartment Building in Nishi-Kamata, Ota Ward

Keikyu Development has acquired Coco Cube Nishi-Kamata, a rental apartment building located in Nishi-Kamata, Ota Ward, Tokyo, from Tokyo Tatemono Real Estate Sales. The acquisition marks the purchase by the Keikyu Group company, which is engaged in real estate leasing operations, of a relatively newly built income-producing property in the Kamata area.

The property is a four-story reinforced concrete building completed in December 2020. It contains a total of 15 units and has a Gross Floor Area of approximately 157 tsubo (approx. 5,587 sq. ft.). It is located a six-minute walk from Kamata Station on the JR Keihin-Tohoku Line and includes a retail space.

Keikyu Development is a subsidiary of Keikyu Corporation and operates boat racing, real estate leasing and leisure businesses. In its real estate leasing business, the company operates properties mainly along Keikyu rail lines, including the BIGFUN Heiwajima mixed-use commercial complex, the Heiwajima Bay Office building and Yokohama East Square near Yokohama Station. This transaction represents an investment in a residential asset.

Key Facts

• Property Name:

  Coco Cube Nishi-Kamata

• Buyer:

  Keikyu Development Co., Ltd.

• Seller:

  Tokyo Tatemono Real Estate Sales Co., Ltd.

• Location:

  5-12-7 Nishi-Kamata, Ota Ward, Tokyo

• Nearest Station:

  Kamata Station (JR Keihin-Tohoku Line), 6-minute walk

• Completion:

  December 2020

• Number of Floors:

  4F

• Structure:

  Reinforced Concrete

• Gross Floor Area:

  Approx. 157 tsubo (approx. 5,587 sq. ft.)

• Total Units:

  15