Chuo-Nittochi Solutions Co., Ltd. Acquires Residential Asset in Kiyosumi-Shirakawa, Tokyo

In March 2025, Chuo-Nittochi Solutions Co., Ltd. acquired the “Tokiwa ST Building,” a rental residential property located in Kiyosumi-Shirakawa, Koto Ward, Tokyo. The seller, Wakodo Printing Co., Ltd., is believed to have utilized the building’s lower floors as its own office space since completion, but has now decided to divest the asset.

The property is a six-story reinforced concrete building completed in 2004, offering competitive value with fewer than 20 years of building age. Located just a three-minute walk from Kiyosumi-Shirakawa Station on the Tokyo Metro Hanzomon and Toei Oedo lines, the asset comprises 15 compact units, primarily 1K-type apartments. Given current market conditions, the asset is expected to yield upside potential through rent adjustments post-acquisition.

The Kiyosumi-Shirakawa area has seen an influx of younger single tenants due to its growing café culture and concentration of art spaces. Furthermore, the planned extension of the Tokyo Metro Yurakucho Line (Line 8) to connect Toyosu and Sumiyoshi by the mid-2030s is expected to significantly enhance transit accessibility.

Chuo-Nittochi Solutions has made a series of acquisitions in Tokyo’s urban core since March 2025, indicating a strategic focus on the stability and growth potential of rental residential properties in the eastern Tokyo market.

Key Facts

• Property Name: Tokiwa ST Building

• Buyer: Chuo-Nittochi Solutions Co., Ltd.

• Seller: Wakodo Printing Co., Ltd.

• Transaction Price: Not disclosed

• Location: 2-14-5 Tokiwa, Koto-ku, Tokyo

• Nearest Stations: 3-minute walk to Kiyosumi-Shirakawa Station (Hanzomon Line, Oedo Line); 6-minute walk to Morishita Station (Shinjuku Line)

• Completion: October 2004

• Number of Floors: 6F / B1

• Gross Floor Area: approx. 702㎡ (approx. 7,556 sq. ft.)

• Typical Floor Plate: approx. 93㎡ (approx. 1,001 sq. ft.)