List Asset Management Acquires “mioka” Retail Complex in Yokohama

2025/11/13

List Asset Management announced on October 31, 2025 that it acquired the trust beneficiary interest in the “mioka” retail complex in Kamiooka, Konan-ku, Yokohama. The company will provide asset management services for the asset.

“mioka” is directly connected to Kamiooka Station on the Keikyu Main Line and consists of two buildings: the Mioka Building and the List Building. The Mioka Building was completed in 2010 with 34 stories above ground and 2 below, while the List Building was completed in 1996 with 8 stories above ground and 3 below. Combined gross floor area totals approximately 13,300 tsubo (approx. 473,000 sq. ft.). Tenants include a big-box electronics retailer, a fitness gym, a fresh-food supermarket, a cinema, and other daily-needs and entertainment operators.

In Yokohama, rent revenue at retail properties has risen about 23% over the past three years and is trending in the JPY 16,000-per-tsubo range. This improvement in income reflects growing investor demand for retail assets amid a broader inflationary backdrop (editorial analysis based on estie J-REIT).

Acquiring a large-scale, station-connected asset addresses investor appetite under current market conditions. The company had previously participated in the property’s redevelopment and owned it through 2017; this re-acquisition is intended to offer investment opportunities to its clients in today’s environment.

Key Facts

Property Name: mioka
Buyer: List Asset Management Co., Ltd.
Seller: Not disclosed
Transaction Price: Not disclosed
Location:
- Mioka Building: 1-18-5 Kamiōoka-Nishi, Kōnan-ku, Yokohama, Kanagawa
- List Building: 1-18-3 Kamiōoka-Nishi, Kōnan-ku, Yokohama, Kanagawa
Nearest Station: Direct access to Kamiooka Station (Keikyu Main Line)
Completion: Mioka Building February 2010 / List Building October 1996
Number of Floors: Mioka Building 34F / B2; List Building 8F / B3
Gross Floor Area: approx. 13,300 tsubo (approx. 473,000 sq. ft.)