SC Capital Partners Group, a Singapore-headquartered private equity real estate firm, has sold ICON Kannai, an office building located in Yokohama City, Kanagawa Prefecture, Japan. The asset was divested on behalf of its SC Core Fund (SCORE) to Keihan Holdings Co., Ltd. at a premium to book value.
The 8,300-square-meter (89,340-square-foot), 10-story property is strategically situated in the Kannai district of Yokohama City and benefits from excellent transportation access, being served by three train stations including Kannai Station, a major Japan Rail line station in the Yokohama metropolitan area. The property is fully leased to a diversified tenant base including well-established companies in the insurance and real estate sectors.
The Kannai district is undergoing substantial government-supported revitalization, with major projects set to enhance the area’s long-term attractiveness and commercial appeal. As these initiatives continue to elevate the district’s
