Hulic REIT to Acquire Asakusa View Hotel, Divests Partial Stake in Hulic Kamiyacho Building
Hulic Reit Management Co., Ltd. announced on September 24, 2025, that Hulic Reit, Inc. will acquire the trust beneficiary interest of a hotel property in Asakusa while simultaneously divesting the trust beneficiary interest of an office building in Kamiyacho. Both transactions are with Hulic Co., Ltd., and the exchange is scheduled to close on September 30, 2025.
The acquired property is the Asakusa View Hotel in Taito-ku, directly connected to the Tsukuba Express Asakusa Station. Completed in July 1985, the hotel has three basement floors and 27 above-ground floors, with a gross floor area of approximately 14,932 tsubo (approx. 49,400 sq. ft.). Hulic Reit will acquire the trust beneficiary interest for JPY 38.0 billion.
The divested property is the Hulic Kamiyacho Building in Minato-ku, a one-minute walk from Kamiyacho Station on the Tokyo Metro Hibiya Line. Completed in April 1985, the office building has two basement floors and 11 above-ground floors, with a gross floor area of approximately 12,056 tsubo (approx. 39,900 sq. ft.). Hulic Reit will sell its 56.0% quasi-co-ownership interest for JPY 37.52 billion.
Key Facts
Acquired Property
Property Name: Asakusa View Hotel
Buyer: Hulic Reit, Inc.
Seller: Hulic Co., Ltd.
Transaction Price: JPY 38.0 billion
Location: 3-17-1 Nishi-Asakusa, Taito-ku, Tokyo
Nearest Station: Direct connection to Tsukuba Express “Asakusa” Station
Completion: July 1985
Number of Floors: 27F / B3
Gross Floor Area: approx. 14,932 tsubo (approx. 49,400 sq. ft.)
Divested Property
Property Name: Hulic Kamiyacho Building
Buyer: Hulic Co., Ltd.
Seller: Hulic Reit, Inc.
Transaction Price: JPY 37.52 billion (56.0% quasi-co-ownership interest)
Location: 4-3-13 Toranomon, Minato-ku, Tokyo
Nearest Station: 1-minute walk from Tokyo Metro Hibiya Line “Kamiyacho” Station
Completion: April 1985
Number of Floors: 11F / B2
Gross Floor Area: approx. 12,056 tsubo (approx. 39,900 sq. ft.)