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

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OO-5 Nagoya Fushimi Square Building

Address 1-13-26 Nishiki, Naka-ku, Nagoya-shi, Aichi
Site Area 1,503.97m²
Total Floor Space 12,995.90m²
Appraisal Value ¥5,020 million
Construction /
Number of Floors
SRC
B2/13F
Completed November 1987
Acquisition Date September 2016
Type of Ownership Proprietary ownership

Characteristics of the Location

    ● This property is an office building with excellent visibility located on Nishiki Street, about four-minute walk from Fushimi Station of the Nagoya Municipal Subway Higashiyama Line and Tsurumai Line. Also accessible by foot from Nagoya Station with great traffic convenience.
    ● Robust demands of office rent appears due to some offices moving in the area, as the recent vacancy rate in Fushimi and Marunouchi area remained at a low level, lowest next to the Meieki area within the central part of Nagoya.
    ● SIA REIT owns “Stoke Building Nagoya” in the neighborhood of this asset and has been familiar with office market in the surrounding area.
    ● This property will provide the robust and stable tenant demands in Fushimi area where robust demands for office rent business are seen, as it has attractive and competitive facilities and features such as car parking lot with the capacity of 92, and flexibility in renovating (arranging) the rooms, rental conference rooms and refresh space as well.

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