Former Murakami Fund Affiliate Acquires Yomeishu Headquarters Building in Shibuya
City Index Fifth, an affiliate of the former Murakami Fund, acquired the trust beneficiary interest in Yomeishu Building in Nampeidai-cho, Shibuya-ku, where Yomeishu Seizo has its head office, in August 2026. The seller was Yuzawa, which transferred all shares of Yomeishu Seizo to Tsumura in September.
The property is located along Tamagawa-dori, a three-minute walk from Shinsen Station on the Keio Inokashira Line. Completed in 1989, the building has 11 floors above ground and two below, with a typical floor area of approximately 119 tsubo (approx. 4,200 sq. ft.). Yomeishu Seizo had owned the building since it was newly built, and its head office is located there.
Regarding Yomeishu Seizo, Tsumura signed an agreement in February 2026 to acquire all of its shares from Yuzawa for JPY 6.8 billion and made it a subsidiary on September 1. The agreement was premised on Yomeishu Seizo transferring its non-business assets, such as securities and real estate, to Yuzawa through dividends of surplus and an absorption-type company split prior to the share transfer.
Yomeishu Seizo placed the property in trust with First Trust in June, and in August had Yuzawa succeed to the trust beneficiary interest through a company split. On the same day, Yuzawa sold the beneficiary interest to City Index Fifth.
On September 25, City Index Fifth announced a tender offer at JPY 125,000 per unit aimed at taking private Sankei Real Estate Inc., which is sponsored by The Sankei Building. The investment corporation has expressed its support while leaving the decision on whether to tender to unitholders. On November 5, the investment corporation announced that a PE fund with an investment track record in Japan and overseas was considering an acquisition at a price at least 5% above the tender offer price. The tender offer period has been extended to November 30.
Related Articles
Key Facts
- Property Name: Yomeishu Building
- Buyer: City Index Fifth Co., Ltd.
- Seller: Yuzawa Co., Ltd.
- Asset Type: Trust beneficiary interest
- Transaction Date: August 7, 2026
- Trustee: First Trust Co., Ltd. (trust established on June 25, 2026; trustor: Yomeishu Seizo Co., Ltd.)
- Location: 16-25 Nampeidai-cho, Shibuya-ku, Tokyo
- Nearest Station(s): Three-minute walk from Shinsen Station on the Keio Inokashira Line / Seven-minute walk from Shibuya Station on the JR Yamanote and Saikyo lines and Shonan-Shinjuku Line, Tokyu Toyoko and Den-en-toshi lines, Keio Inokashira Line, and Tokyo Metro Ginza, Hanzomon and Fukutoshin lines
- Completion: October 1989
- Number of Floors: 11F / B2F (steel frame, steel-reinforced concrete and reinforced concrete construction)
- Use: Office / Warehouse / Parking
- Area: Typical floor area of approximately 119 tsubo (approx. 4,200 sq. ft.) / Gross Floor Area of approximately 2,889 tsubo (approx. 102,800 sq. ft.)