Japan Real Estate Investment Corporation Acquires “The Link Sapporo” Office Building for JPY 21.34 Billion

Japan Real Estate Investment Corporation (JRE) announced that it will acquire a 100% beneficiary interest in the trust of The Link Sapporo, an office property located in Kita-ku, Sapporo, on October 17. The acquisition price is JPY 21.34 billion.

The property is a 4-minute walk from JR Sapporo Station and a 3-minute walk from Sapporo Subway Station on the Namboku and Tōhō Lines. Completed in 2023, the building comprises 13 above-ground floors and one basement level, with a gross floor area of approximately 5,095 tsubo (approx. 168,400 sq. ft.).

The property has obtained an A rating under the CASBEE for Building (New Construction) certification, and the occupancy rate is expected to be around 71%.

Key Facts

• Property Name: The Link Sapporo

• Buyer: Japan Real Estate Investment Corporation

• Seller: Not disclosed

• Transaction Price: JPY 21,340 million

• Location: 1-1-3, Kita 6-jo Nishi, Kita-ku, Sapporo, Hokkaido

• Nearest Station: JR Sapporo Station – 4 min walk / Sapporo Subway Station (Namboku & Tōhō Lines) – 3 min walk

• Completion: August 2023

• Number of Floors: 13F / B1

• Gross Floor Area: approx. 5,095 tsubo (approx. 168,400 sq. ft.)