M&G Real Estate has sold Frontier Shinjuku Tower, a 24-storey mixed-use property in Tokyo’s Nishi-Shinjuku district, after increasing the building’s net operating income by 23 percent. The property comprises 298 residential apartments, alongside retail and office space. A buyer was not disclosed.
The sale was completed 15 months ahead of the original business plan, following a targeted asset-enhancement programme designed to improve the property’s performance and tenant experience. The building maintained strong occupancy levels throughout the holding period and achieved positive rental growth across both new and renewed leases. Situated close to Hatsudai and Shinjuku stations, the property benefits from strong connectivity and sustained demand for well-located rental housing in Tokyo.
Since acquiring the asset in December 2023 under its value-added investment mandate, M&G upgraded shared amenities, including the fitness centre; repurposed underutilised s
