Hankyu Hanshin REIT To Acquire Retail Land in Osaka’s Asahi Ward From KDX Realty Investment
Hankyu Hanshin REIT will acquire Life Takadono Store (land), the land underlying a retail property in Asahi Ward, Osaka City, on Dec. 1, 2026. The acquisition price is JPY 3.69 billion, and the seller is KDX Realty Investment.
The property is located along Shirokita-suji Avenue, a 14-minute walk from Sekime-Takadono Station on the Osaka Metro Tanimachi Line. The surrounding area is largely residential, while retail stores and business locations are also scattered along major roads. The site area is approximately 1,342 tsubo (approx. 47,800 sq. ft.), and the investment corporation plans to own only the land. Life Corporation owns the building and operates a supermarket at the property.
KDX Realty Investment decided to sell the property, noting that although it had generated stable cash flow under a fixed-term land leasehold agreement for business purposes, there was limited upside potential from rent increases in an inflationary environment. Hankyu Hanshin REIT, meanwhile, focuses on retail properties in the Kansai region as a key investment target and decided to acquire the asset based on its medium- to long-term cash flow stability. The deal highlights differing investment judgments between KDX Realty Investment, which is pursuing asset replacement in response to changes in the operating environment, and Hankyu Hanshin REIT, which emphasizes stable operations in the Kansai region.
Key Facts
- Property: Life Takadono Store (land)
- Buyer: Hankyu Hanshin REIT
- Seller: KDX Realty Investment
- Location: 5-10-14 Takadono, Asahi Ward, Osaka City, Osaka Prefecture
- Nearest Stations: 14-minute walk from Sekime-Takadono Station on the Osaka Metro Tanimachi Line / 19-minute walk from Sekime-Seiiku Station on the Osaka Metro Imazatosuji Line
- Scheduled Acquisition Price: JPY 3.69 billion
- Book Value: JPY 3.36 billion, as of Dec. 1, 2026
- Contract Date: June 8, 2026
- Scheduled Acquisition Date: Dec. 1, 2026
- Trustee: Mitsubishi UFJ Trust and Banking Corporation
- Site Area: Approximately 1,342 tsubo (approx. 47,800 sq. ft.)
- Number of Tenants: 1
- Occupancy Rate: 100%