JAPANESE
JAPANESE
Japan Real Estate Insights by estie
Japan Real Estate Insights by estie
Japan Real Estate Insights by estie
/
Office
/

Nippon Steel Kowa Real Estate and Advantage Real Advisors Acquire Majority Stake in R.S. Building in Shinjuku

OfficeTransaction

Nippon Steel Kowa Real Estate and Advantage Real Advisors Acquire Majority Stake in R.S. Building in Shinjuku

Nippon Steel Kowa Real Estate and Advantage Real Advisors Acquire Majority Stake in R.S. Building in Shinjuku

In April 2025, Nippon Steel Kowa Real Estate Co., Ltd. and Advantage Real Advisors Co.,Ltd. acquired a majority ownership interest in the R.S. Building, located in Shinjuku 3-chome, Shinjuku-ku, Tokyo, from Ryuseido Honten Co., Ltd.

According to registry records, Nippon Steel Kowa Real Estate acquired a 92% ownership stake, while Advantage Real Advisors acquired 3%. Ryuseido Honten retains a 5% interest in the property.

Completed in February 1994, the R.S. Building is an 11-story steel-reinforced concrete structure, with 10 floors above ground and one basement level. The property offers a gross floor area of approx. 474.04 tsubo (approx. 15,670 sq. ft.), with standard floor plates of 42.95 tsubo (approx. 1,419 sq. ft.). With a regular floor layout and a wide frontage, the building is suitable for retail and office tenants.

Located just a 3-minute walk from Shinjuku Station’s East Exit and near the intersection of Meiji-dori and Yasukuni-dori, the property benefits from high pedestrian traffic and strong tenant demand from food and retail operators. The area is known for its dense concentration of commercial tenants, supporting stable rental income and leasing competitiveness.

Nippon Steel Kowa Real Estate has been actively acquiring mid-sized, mid-aged office and retail assets in central Tokyo, in line with its strategy to hold stable income-producing properties over the medium to long term. Meanwhile, Ryuseido—primarily a drugstore operator—is reportedly reevaluating its asset portfolio to improve capital efficiency, with this transaction believed to be part of that initiative.

Key Facts

  • Property Name: R.S. Building

  • Buyers: Nippon Steel Kowa Real Estate Co., Ltd.; Advantage Real Advisors Co.,Ltd.

  • Seller: Ryuseido Co., Ltd.

  • Transaction Price: Undisclosed

  • Location: 22-11 Shinjuku 3-chome, Shinjuku-ku, Tokyo

  • Nearest Station: JR Yamanote Line, Shinjuku Station (3-minute walk)

  • Completion: February 1994

  • Number of Floors: 10F / B1

  • Gross Floor Area: Approx. 474.04 tsubo (approx. 15,670 sq. ft.)

Related Articles