XYMAX REIT Investment Corporation

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OF-06XYMAX Higashi-Ueno Building

  • Office
  • Tokyo central 8 wards
  • XYMAX Higashi-Ueno Building1
  • XYMAX Higashi-Ueno Building2
  • XYMAX Higashi-Ueno Building3
Acquisition price  1,150 million yen
Appraisal value  1,600 million yen
Asset type  Office
Structure/Number of Floors  Steel-framed reinforced concrete structure with flat roof 8F
Location  1-11-4 Higashi-Ueno, Taito-ku, Tokyo
Land area  368.84 
Total floor area  1,942.54 
Completion date  April 9, 1999

Property Features

The property has a high level of traffic convenience as several train lines are available for access. It is an area which developed as land concentrated with handicraft and manufacturing industries as well as commission agencies and wholesale businesses. However, due to its bustling environment and favorable access to central Tokyo, demand from small- and mid-sized companies to place headquarters as well as demand from major companies to place branch offices, sales offices and such is visible. In recent years, many condominium developments have been conducted and demand for restaurants and shops such as convenience stores is growing alongside the increase in population. XYMAX REIT believes the property is in an area where demand from companies engaged in various types of business for leasing space can be expected.

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