Asset Management Company
Mizuho REIT Management Co., Ltd.
Sponsor
Mizuho Trust & Banking

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Portfolio

OO-1 Central Shin-Osaka Building

Address 4-5-36 Miyahara, Yodogawa-ku, Osaka-shi, Osaka Prefecture
Site Area 1,750.77m²
Total Floor Space 13,624.65m²
Appraisal Value ¥5,810 million
Construction /
Number of Floors
S
B1/12F
Completed June 1992
Acquisition Date October 2013
Type of Ownership Proprietary ownership

Characteristics of the Location

    ● This property is located approximately 600 m northwest of Shin-Osaka Station on the JR Tokaido and Sanyo Shinkansen Lines, Tokaido Main Line, and Osaka Municipal Subway Midosuji Line.
    ● The nearest station, Shin-Osaka, is a major terminal station connecting the above rail lines. The station is situated approximately 3 km from Umeda, the heart of the so-called “Osaka Kita” area, one stop away from Osaka Station on the JR local line, and three stops away from Umeda Station on the Osaka Municipal Subway Midosuji Line. Moreover, as all Tokaido and Sanyo Shinkansen trains stop at Shin-Osaka Station, it has excellent accessibility to major cities around Japan with superior transportation convenience.
    ● Around Shin-Osaka Station, there is a commercial and business district where numerous medium- to high-rise office buildings with shops and stores, hotels, and other are concentrated. The Miyahara district where the property is located, in particular, is regarded as a preferred office zone in the Shin-Osaka area as a result of the redevelopment in the 1990s, which created a number of high-rise office buildings with larger floor spaces.
    ● As a key characteristic, there is a trend in which foreign companies, emerging companies, branches of companies with headquarters in other major cities such as Tokyo are concentrated in the Shin-Osaka area due to its premium location with excellent accessibility to various parts of Japan. Additionally, reflecting a sense of the lower rent in this area in comparison with other properties located in the Umeda area, Osaka’s most renowned office town, and those in the area along Midosuji Avenue, the Shin-Osaka area provides offices for a number of venture companies, who are expected to become major tenants of this property.

Press Release

October 10, 2013
Notice concerning Completion of Asset AcquisitionPDF(205KB)

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