Japan Metropolitan Fund Announces Sale of Two Osaka Retail Properties

Japan Metropolitan Fund Investment Corporation announced on August 15, 2025, the sale of Aeon Mall Tsurumi Ryokuchi in Osaka City and pivo Izumi-Chuo in Izumi City, Osaka Prefecture.

Aeon Mall Tsurumi Ryokuchi, completed in November 2006, is located about a 10-minute walk from “Imafuku-Tsurumi” Station on the Osaka Metro Nagahori Tsurumi-ryokuchi Line. The property consists of a main building with 1 basement and 4 above-ground floors, and a multi-story parking structure with 1 basement and 7 above-ground floors. The gross floor area is approximately 41,908 tsubo (approx. 138,500 sq. m / 1.49 million sq. ft.).

pivo Izumi-Chuo, completed in February 2009, is directly connected by deck and located two minutes on foot from “Izumi-Chuo” Station on the Semboku Rapid Railway. The property consists of two buildings—the Pivo Building and the Techland Building—with a combined gross floor area of approximately 5,265 tsubo (approx. 17,400 sq. m / 187,200 sq. ft.).

pivo Izumi-Chuo will be sold to Sunplus Co., Ltd. for JPY 19.2 billion, with closing scheduled for March 3, 2026. Aeon Mall Tsurumi Ryokuchi will be sold to an undisclosed buyer for JPY 6.6 billion, with closings scheduled in stages: a 50% quasi-co-ownership interest on August 29, 2025, and a 25% interest on April 1, 2026.

Key Facts

• Property Name: Aeon Mall Tsurumi Ryokuchi

• Buyer: Undisclosed

• Seller: Japan Metropolitan Fund Investment Corporation (Asset management: KJR Management)

• Transaction Price: JPY 6.6 billion

• Location: 4-17-1 Tsurumi, Tsurumi-ku, Osaka-shi, Osaka

• Nearest Station: Imafuku-Tsurumi Station, Osaka Metro Nagahori Tsurumi-ryokuchi Line (10 minutes on foot)

• Completion: November 2006

• Number of Floors: Main Building B1/4F, Parking Building B1/7F

• Gross Floor Area: approx. 41,908 tsubo (approx. 138,500 sq. m / 1.49 million sq. ft.)

• Property Name: pivo Izumi-Chuo

• Buyer: Sunplus Co., Ltd.

• Seller: Japan Metropolitan Fund Investment Corporation (Asset management: KJR Management)

• Transaction Price: JPY 19.2 billion

• Location: 5-1-2 Ibukino, Izumi-shi, Osaka and others

• Nearest Station: Izumi-Chuo Station, Semboku Rapid Railway (approx. 2 minutes on foot, deck-connected)

• Completion: February 2009

• Number of Floors: Pivo Building 5F, Techland Building 3F

• Gross Floor Area: approx. 5,265 tsubo (approx. 17,400 sq. m / 187,200 sq. ft.)

  • Pivo Building: approx. 2,162 tsubo (approx. 7,100 sq. m / 76,600 sq. ft.)

  • Techland Building: approx. 3,103 tsubo (approx. 10,300 sq. m / 110,800 sq. ft.)