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A.D.Works Acquires SNT Shibuya Building Amid Ongoing Asset Dispositions by Shinnittan

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A.D.Works Acquires SNT Shibuya Building Amid Ongoing Asset Dispositions by Shinnittan

A.D.Works Acquires SNT Shibuya Building Amid Ongoing Asset Dispositions by Shinnittan

A.D.Works has acquired the “SNT Shibuya Building” in Dogenzaka 1-chome, Shibuya Ward. The seller, SNT Corporation—a major forged-products manufacturer—was taken private in April this year following a tender offer by ARTS-3, an entity under the Sparks Group. The disposition appears to be part of a broader balance-sheet streamlining associated with the company’s privatization.

The property is located along Tamagawa-dori, approximately a three-minute walk from Shibuya Station, directly across from the Cerulean Tower—a highly visible position in the district. Completed in 1989, the steel-reinforced concrete, 10-story building offers a Gross Floor Area of approximately 207 tsubo (approx. 7,350 sq. ft.). Despite its compact floor plates, the building features a distinctive curved silver façade combined with a glass-front design.

A.D.Works focuses on income-producing real estate for high-net-worth investors, covering the full value chain from acquisition and value-add to sales and management. The company previously developed “AD-O Shibuya Dogenzaka” in 2017, a project supervised by architect Kengo Kuma, giving it a track record in the Dogenzaka area. For this 36-year-old asset, the company is expected to leverage its value-add expertise for repositioning.

In Dogenzaka, a major 30-story mixed-use development is currently underway on a site adjacent to Shibuya Mark City. Scheduled for Completion in 2027, the project will include an office tower as well as a luxury “TRUNK HOTEL.” As redevelopment accelerates around the station, attention is increasingly turning to the potential for value enhancement in existing buildings.

Key Facts

  • Property Name: SNT Shibuya Building

  • Buyer: A.D.Works Co., Ltd.

  • Seller: SNT Corporation

  • Address: 1-9-2 Dogenzaka, Shibuya-ku, Tokyo

  • Nearest Station: Shibuya Station (JR Yamanote Line, others), approx. 3-minute walk

  • Completion: January 1989

  • Number of Floors: 10F / B2

  • Structure: Steel Reinforced Concrete (SRC)

  • Gross Floor Area: approx. 207 tsubo (approx. 7,350 sq. ft.)

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