Chuo-Nittochi Solutions Co., Ltd. Acquires Residential Property in Sumida Ward
In March 2025, Chuo-Nittochi Solutions Co., Ltd. acquired the rental apartment building "Proud Flat Morishita 3," located in Chitose, Sumida-ku, Tokyo, from Daio Miura Co., Ltd. The seller, Daio Miura, was formed in 2022 through the merger of five companies including Daio Printing Co., Ltd. and Miura Printing Co., Ltd., both under the Daio Paper Group. At the time of construction, the property was owned by Miura Printing.
The subject property is an 8-story rental residential building completed in 2015, with a total of 47 units. The gross floor area is approximately 1,665 sqm (approx. 17,922 sq. ft.), composed of 1K units of about 25 sqm and 1LDK units of around 40 sqm. Located within a 5-minute walk from Toei Oedo Line’s Morishita Station and a 10-minute walk from JR Sobu Line’s Ryogoku Station, the building offers excellent access to both central and sub-central Tokyo. The neighborhood also features green spaces such as Chitose Park, balancing convenience with a comfortable living environment.
The Morishita area is one of the most active rental markets in central Tokyo, with average unit prices within a 10-minute walk from Morishita Station increasing by approximately 24% over the past six years, according to estie residential research.
While Chuo-Nittochi Solutions Co., Ltd. primarily focuses on real estate brokerage and CRE consulting, and rarely acquires assets on its own balance sheet, this acquisition appears to be a strategic move. The company is believed to have recognized both the growth potential and stability of the asset as a rental property, and is likely to sell it to a third party after holding it temporarily.
Key Facts
Property Name: Proud Flat Morishita 3
Buyer: Chuo-Nittochi Solutions Co., Ltd.
Seller: Daio Miura Co., Ltd.
Transaction Price: Undisclosed
Location: 2-3-8 Chitose, Sumida-ku, Tokyo
Nearest Stations: Morishita Station (Toei Oedo Line) – approx. 5 min walk Ryogoku Station (JR Sobu Line) – approx. 10 min walk
Completion: October 2015
Number of Floors: 8F
Total Units: 47
Gross Floor Area: Approx. 1,665 sqm (approx. 17,922 sq. ft.)