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RE-02 Oimachi Redevelopment Building (#1)

Address 5-18-1 Higashi-Oi, Shinagawa-ku, Tokyo
Walking Distance from Nearest Station One minute from Oimachi Station, JR Keihin-Tohoku Line
Total Floor Space 40,945.05㎡
Construction SRC
Completed September 1989
Acquisition Date February 7, 2014
Note 1: The column for total floor space indicates the figure for the entire building as shown in the property registry. This applies also where the holding consists of part of a building under compartmentalized ownership or with a co-ownership interest.
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Characteristics of the Location

With a population of around 60,000 within a one-kilometer radius, around 410,000 within three kilometers, and around 999,000 within five kilometers, this property has an excellent location within Tokyo’s 23 wards to access a large market. The population of Shinagawa Ward, where the property is located, was 355,000 in 2012, a rise of 104.4% compared to 2007, one of the highest rates of population growth in the Tokyo metropolitan area.

Regarding the competition climate, although there are three electrical goods superstores within a five-kilometer radius, this property is nevertheless considered to enjoy major competitive advantages.

Property Characteristics

This property is located immediately southeast of Oimachi Station on the JR Keihin-Tohoku Line, a hub station with large numbers of passengers boarding, alighting, and transferring. Directly accessible from the station via a raised walkway, the property is a large facility consisting of Buildings 1 and 2 and has one of Japan’s largest electrical goods superstore chains as its core tenant. This client had previously been concerned chiefly with its store development in suburban locations, but in recent years has focused on opening superstores in urban locations. It regards this property as an important base for store development in central Tokyo.

In addition to the electrical goods superstore, the property’s tenants include a supermarket, cafes, and fast food outlets that serve the daily needs of station users and local residents.

Press Releases

February 7, 2014
Notice concerning Completion of Asset Acquisition PDF(PDF:437KB)


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