ORIX JREIT Acquires Hotel and Office Assets in Osaka and Yokohama

ORIX JREIT Inc. has acquired the trust beneficiary interests in two properties: the Holiday Inn Express Osaka City Centre Midosuji and the Prime Shinyokohama Building.

The Holiday Inn Express Osaka City Centre Midosuji, branded under IHG, is located a 3-minute walk from Osaka Metro Hommachi Station and a 6-minute walk from Shinsaibashi Station. Completed in 2019, the 21-story hotel offers a gross floor area of 10,200.29㎡ (approx. 109,800 sq. ft.). The acquisition price was JPY 22.516 billion, and the property was handed over on October 21.

The Prime Shinyokohama Building is a 10-story office property with two basement levels, situated a 3-minute walk from Shin-Yokohama Station. Completed in 1995, it has a gross floor area of approximately 3,535 tsubo (approx. 415,000 sq. ft.). The acquisition price was JPY 9.25 billion, with closing scheduled for November 20.

Key Facts

• Property Name: Holiday Inn Express Osaka City Centre Midosuji

  • Buyer: ORIX JREIT Inc.

  • Seller: Domestic GK (limited liability company)

  • Transaction Price: JPY 22.516 billion

  • Location: 4-1-12 Kitakyuhojimachi, Chuo-ku, Osaka-shi, Osaka

  • Nearest Station: Osaka Metro Hommachi Station (3 min walk) / Shinsaibashi Station (6 min walk)

  • Completion: February 2019

  • Number of Floors: 21F

  • Gross Floor Area: 10,200.29㎡ (approx. 109,800 sq. ft.)

• Property Name: Prime Shinyokohama Building

  • Buyer: ORIX JREIT Inc.

  • Seller: Domestic GK (limited liability company)

  • Transaction Price: JPY 9.25 billion

  • Location: 2-3-19 Shinyokohama, Kohoku-ku, Yokohama-shi, Kanagawa

  • Nearest Station: JR, Yokohama Municipal Subway, Tokyu, and Sotetsu Lines Shin-Yokohama Station (3 min walk)

  • Completion: April 1995

  • Number of Floors: 10F / B2

  • Gross Floor Area: approx. 3,535 tsubo (approx. 415,000 sq. ft.)