Ichigo Owners Sells GRANPASEO Nihonbashi EAST to NEO HORIZON
Ichigo Owners sold the rental apartment “GRANPASEO Nihonbashi EAST” in Nihonbashi-Bakurocho, Chuo Ward, to NEO HORIZON Co., Ltd. in August 2025—roughly two years and three months after completion.
The property is a 10-story reinforced-concrete building completed in May 2023 with a gross floor area of about 182 tsubo (approx. 6,480 sq. ft.) and 14 units. It sits a one-minute walk from JR Sobu Line “Bakurocho” Station and four minutes from Toei Asakusa Line/JR Chuo-Sobu Line “Asakusabashi” Station, providing multi-line connectivity. The Nihonbashi area offers excellent access to Tokyo’s core business districts, supporting steady rental demand from singles and dual-income couples without children (DINKs).
Part of Ichigo Group’s urban residential brand “GRANPASEO,” this asset aligns with Ichigo Owners’ business model of developing and operating investment residences, as well as planning, selling, and managing fractionalized real estate products within the group. The company has previously executed dispositions within relatively short holding periods; this transaction appears to be in line with that strategy.
In Nihonbashi-Bakurocho’s rental market, average asking rents for newer, single-tenant units within a 10-minute walk of stations (built 2020 or later; 20–40㎡) were in the JPY 19,000 per tsubo range (approx. JPY 535 per sq. ft.) as of 2025, up from the JPY 16,000 per tsubo range (approx. JPY 450 per sq. ft.) in 2020. Backed by “return-to-center” demand and strong preference for multi-line locations, occupancy remains high (based on “estie Resi-Research” analysis by our editorial team).
Key Facts
Property Name: GRANPASEO Nihonbashi EAST
Buyer: NEO HORIZON Co., Ltd.
Seller: Ichigo Owners Inc.
Transaction Price: Not disclosed
Address: 2-5-1 Nihonbashi-Bakurocho, Chuo-ku, Tokyo
Nearest Station: “Bakurocho” (JR Sobu Line) 1 min on foot; “Asakusabashi” (Toei Asakusa Line / JR Chuo-Sobu Line) 4 mins on foot
Completion: May 2023
Number of Floors: 10F / B0
Structure: Reinforced Concrete
Gross Floor Area: approx. 182 tsubo (approx. 6,480 sq. ft.)
Total Units: 14