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Japan Real Estate Insights by estie
Japan Real Estate Insights by estie

UBM Acquires Office Building in Higashi-Tenmangu, Osaka

UBM Acquires Office Building in Higashi-Tenmangu, Osaka

In January 2026, UBM acquired L-Est Real Estate Tenma Building, an office property in 1-chome Higashi-Tenmangu, Kita Ward, Osaka. UBM is a rental real estate company headquartered in Kyutaromachi, Chuo Ward, Osaka, and the acquisition appears aimed at expanding its building leasing business.

The property is a two-minute walk from Osakatemmangu Station on the JR Tozai Line and a four-minute walk from Minamimorimachi Station on the Osaka Metro Tanimachi and Sakaisuji lines. The steel-reinforced concrete building rises nine stories above ground with two basement levels and was completed in June 1992. Gross floor area is about 643 tsubo (approx. 22,880 sq. ft.), while the typical floor plate is about 49 tsubo (approx. 1,744 sq. ft.). Standard floor ceiling height is 2,470 mm.

Seller Osaka Clip is a stationery and office supplies manufacturer founded in 1951 and known for its SONIC-branded stationery products. The company is headquartered in Shin-Imazato, Ikuno Ward, Osaka, and the sale appears to be part of a broader effort to streamline real estate holdings outside its core business.

Asking rents for mid-sized office buildings around Osakatemmangu Station with gross floor area of 500 tsubo or more have remained on a recovery trend since bottoming in 2021 in the JPY 10,500-per-tsubo range, reaching the JPY 12,000-per-tsubo range as of year-end 2025, according to reporting by the editorial team based on estie market research.

Key Facts

  • Property Name:

    L-Est Real Estate Tenma Building

  • Buyer:

    UBM Co., Ltd.

  • Seller:

    Osaka Clip Co., Ltd.

  • Location:

    1-10-12 Higashi-Tenmangu, Kita-ku, Osaka, Osaka Prefecture

  • Nearest Stations:

    2-minute walk from Osakatemmangu Station on the JR Tozai Line; 4-minute walk from Minamimorimachi Station on the Osaka Metro Tanimachi and Sakaisuji lines

  • Completion:

    June 1992

  • Number of Floors:

    9F / B2 (Structure: steel-reinforced concrete)

  • Gross Floor Area:

    Approx. 643 tsubo (approx. 22,880 sq. ft.); typical floor plate approx. 49 tsubo (approx. 1,744 sq. ft.)

  • Standard Floor Ceiling Height:

    2,470 mm

  • Elevators:

    1

  • Seismic Standard:

    New earthquake-resistance standards