Nippon Steel Kowa Real Estate Acquires Two Adjacent Properties in Yodogawa-ku, Osaka

In April 2026, Nippon Steel Kowa Real Estate Co., Ltd. acquired two adjacent rental apartment buildings, "Hana Heim" and "Heim Allegre," in Higashimikuni, Yodogawa-ku, Osaka. The seller in both cases was NLC Co., Ltd., which operates real estate sales, brokerage, and leasing businesses in Yodogawa-ku. NLC had acquired both properties from the same individual in March 2025, making this a sale roughly one year later.

The properties are located along Shin-Midosuji Avenue, a five-minute walk from Higashi-Mikuni Station on the Osaka Metro Midosuji Line. "Hana Heim" was completed in 1978 and has 5 above-ground floors with a Gross Floor Area of approximately 145 tsubo (approx. 5,200 sq. ft.). "Heim Allegre" was completed in 1995 and has 11 above-ground floors with a total of 60 units.

Average asking rent for rental apartments within a 10-minute walk of Higashi-Mikuni Station has risen approximately 24% over the past three years, from around JPY 8,200 to around JPY 10,200 per tsubo, with demand remaining solid on the back of the area's accessibility—just one stop from Shin-Osaka Station (research by the editorial team based on estie Residential Research). Nippon Steel Kowa Real Estate has been engaged in apartment renovation and repositioning business for approximately 40 years, with a track record of roughly 30 buildings and 4,000 units. Given the age of these buildings, value-add renovation or rebuilding may also be under consideration, though the specific purpose of the acquisition has not been disclosed.

Key Facts

• Buyer: Nippon Steel Kowa Real Estate Co., Ltd.
• Seller: NLC Co., Ltd.
• Location: 2-32-8 Higashimikuni, Yodogawa-ku, Osaka, Osaka Prefecture
• Nearest Station: Five-minute walk from Higashi-Mikuni Station on the Osaka Metro Midosuji Line
• Property Name: Hana Heim
• • Completion: December 1978
  • Number of Floors: 5F (Reinforced Concrete)
  • Gross Floor Area: approximately 145 tsubo (approx. 5,200 sq. ft.)
• Property Name: Heim Allegre
• • Completion: March 1995
  • Number of Floors: 11F (Reinforced Concrete / Steel-Reinforced Concrete)
  • Total Units: 60 units
  • Gross Floor Area: approximately 825 tsubo (approx. 29,400 sq. ft.)