Daiwa Securities Living Investment Corp. to Acquire “GRANCASA Sumiyoshi II,” Newly Built Rental Apartment in Koto Ward
Daiwa Securities Living Investment Corporation will acquire the rental apartment “GRANCASA Sumiyoshi II” in Senda, Koto Ward, Tokyo, effective March 31, 2026. The acquisition price is JPY 1,440 million, representing 72.7% of the appraised value of JPY 1,980 million.
The property is a newly built apartment scheduled for completion in March 2026. It is a 10-story reinforced concrete building with 45 units, comprising 36 1DK units and nine 1LDK units, targeting single-person households. The Gross Floor Area is approximately 444 tsubo (approx. 15,900 sq. ft.), with a Net Leasable Area of approximately 365 tsubo (approx. 13,050 sq. ft.). Design and construction were carried out by Daito Trust Construction Co., Ltd.
The investment corporation cites the property’s location—approximately a 10-minute walk from Sumiyoshi Station on the Tokyo Metro Hanzomon Line and Toei Shinjuku Line—as offering direct access to the Otemachi business district, along with a well-developed surrounding retail and daily convenience environment. These factors support expectations for stable rental demand from singles and DINKS households. In addition, a new station tentatively named “Sengoku Station” on the Tokyo Metro Yurakucho Line is planned to open to the south of the property in the mid-2030s, which is expected to further enhance long-term accessibility.
According to estie residential research, the average asking rent for relatively new rental apartments (completed in 2021 or later, 20–50 sq. m.) within a 5–15 minute walk of Sumiyoshi Station stood in the JPY 17,000 per tsubo range as of January 2026. Occupancy in the area has remained stable in the 90% range since 2024, indicating solid supply-demand fundamentals for single-tenant rental housing.
Key Facts
Property Name: GRANCASA Sumiyoshi II
Buyer: Daiwa Securities Living Investment Corporation
Seller: Undisclosed
Planned Acquisition Price: JPY 1,440 million
Appraised Value: JPY 1,980 million (as of January 1, 2026)
Capitalization Rate: 3.3%
Location: 6 Senda, Koto Ward, Tokyo (address to be finalized)
Nearest Station: Sumiyoshi Station (Tokyo Metro Hanzomon Line / Toei Shinjuku Line), approx. 10-minute walk
Completion: March 2026
Number of Floors: 10F
Gross Floor Area: Approx. 444 tsubo (approx. 15,900 sq. ft.)
Net Leasable Area: Approx. 365 tsubo (approx. 13,050 sq. ft.)
Total Units: 45 (36 1DK units, 9 1LDK units)
Property Manager: Haseko Live Net, Inc. (planned)
Master Lease: Nippon Rental Housing GK (pass-through structure)