Japan Metropolitan Fund To Sell Retail Ground-Lease Site in Osaka’s Kyobashi for JPY 7 Billion
Japan Metropolitan Fund Investment Corporation will sell EDION Kyobashi Store (land), a retail ground-lease site in Joto Ward, Osaka, on Dec. 1, 2026. The scheduled sale price is JPY 7.0 billion, and the buyer is an undisclosed domestic business company.
The property is a ground-lease site leased to EDION, with a land area of approximately 1,303 tsubo (approx. 46,400 sq. ft.). The property is located in a commercial zoning district, has one tenant and an occupancy rate of 100%. It is located a five-minute walk from Kyobashi Station, providing access to multiple rail lines including the Keihan Main Line, JR Osaka Loop Line and Osaka Metro Nagahori Tsurumi-ryokuchi Line.
The investment corporation decided to sell the property after considering factors including the remaining term of the current lease agreement and the future profitability of its portfolio through replacement with pipeline assets. The scheduled sale price is about 15% above the appraised value of JPY 6.1 billion, and the expected gain on sale is approximately JPY 1.1 billion. The sale appears to be part of an asset replacement strategy in which the investment corporation sells a ground-lease asset with stable income and reallocates capital to assets with profitability and growth potential.
Key Facts
- Property Name: EDION Kyobashi Store (land)
- Seller: Japan Metropolitan Fund Investment Corporation
- Buyer: Undisclosed domestic business company
- Location: 1-53-1 Gamo, Joto Ward, Osaka, Osaka Prefecture
- Nearest Station: Five-minute walk from Kyobashi Station on the JR Osaka Loop Line, JR Tozai Line and JR Gakkentoshi Line; five-minute walk from Kyobashi Station on the Keihan Main Line; five-minute walk from Kyobashi Station on the Osaka Metro Nagahori Tsurumi-ryokuchi Line
- Scheduled Sale Price: JPY 7.0 billion
- Appraised Value: JPY 6.1 billion, by CBRE K.K. as of Feb. 28, 2026
- Book Value: JPY 5.756 billion as of the end of February 2026
- Expected Gain on Sale: Approximately JPY 1.1 billion
- Agreement Date: June 1, 2026
- Scheduled Sale Date: Dec. 1, 2026
- Land Area: Approximately 1,303 tsubo (approx. 46,400 sq. ft.)
- Number of Tenants: 1
- Occupancy Rate: 100%