Japan Prime Realty Investment Corp. (JPR) has plans to buy a large-scale multipurpose building in Chiyoda, a special ward located in central Tokyo, and sell a medium-sized office building, also in Chiyoda, in transactions with Yasuda Real Estate Co., Ltd., which sponsors JPR. The aim is portfolio quality enhancement that will contribute to stable growth in the medium and long term, according to the release.
The sales price was 6,490 million yen ($48 million).
The property for acquisition, the 23-story Ochanomizu Sola City (picture above), is a large-scale multipurpose building completed in 2013 as a landmark in the Ochanomizu district, which has a river running through it, rich greenery and many historical sites. It is conveniently located, directly connected to Shin-ochanomizu Station on the Tokyo Metro Chiyoda Line and a one-minute walk from Ochanomizu Station on the JR Chuo-Sobu Line,
