Columbia Works Acquires Rental Apartment Building in Honjo-Azumabashi
Columbia Works acquired LUMIEC un HONJOAZUMABASHI, a rental apartment building in Honjo 4-chome, Sumida-ku, Tokyo, on April 28, 2026. The seller was Open House Real Estate, which had acquired the property on March 26, 2026 and sold it roughly one month later.
The property is an eight-minute walk from Honjo-Azumabashi Station on the Toei Asakusa Line. Completed in March 2020, the seven-story building comprises 20 units with 2DK layouts of 43.51 sq. m (approx. 500 sq. ft.).
Among rental apartments within a 10-minute walk of Honjo-Azumabashi Station, average asking rents over the three years through the end of July 2026 rose approximately 31% for studio (1R) units, approximately 20% for 1K units and approximately 23% for 1DK and 1LDK units, while 2DK and 2LDK units climbed approximately 60%. The station offers direct service to the Nihonbashi and Shimbashi areas on the Toei Asakusa Line, and demand from smaller households that prioritize commuting convenience appears to be underpinning rent growth for 2DK and 2LDK units (compiled by the editorial team based on estie Residential Research).
Columbia Works operates LUMIEC un, a series in which it acquires existing rental apartment buildings and raises their value using its development expertise. The company plans to hold and operate this property for a period before selling it. It has also announced acquisitions in the series in Iriya, Chitose-Funabashi and Shirokane-Takanawa since the start of 2026, continuing to build out its value-add rental apartment portfolio (see related article: Columbia Works Acquires Rental Apartment Property in Minato Ward’s Takanawa).
Key Facts
- Property Name: LUMIEC un HONJOAZUMABASHI (formerly Bi Forma Honjo-Azumabashi)
- Buyer: Columbia Works Co., Ltd.
- Seller: Open House Real Estate Co., Ltd.
- Acquisition Date: April 28, 2026
- Location: 4-27-9 Honjo, Sumida-ku, Tokyo
- Nearest Station(s): Eight-minute walk from Honjo-Azumabashi Station on the Toei Asakusa Line
- Completion: March 2020
- Number of Floors: 7F (reinforced concrete construction)
- Total Units: 20
- Unit Layouts: 2DK
- Exclusive Floor Area: 43.51 sq. m (approx. 500 sq. ft.)
- Area: Gross Floor Area of approximately 293 tsubo (approx. 10,400 sq. ft.)
