XYMAX REIT Investment Corporation

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OT-01Renaissance 21 Chihaya

  • Other (Residential)
  • Cabinet order designated cities
  • Renaissance 21 Chihaya1
  • Renaissance 21 Chihaya2
  • Renaissance 21 Chihaya3
  • Renaissance 21 Chihaya4
  • Renaissance 21 Chihaya5
Acquisition price  2,700 million yen
Appraisal value  3,130 million yen
Asset type  Other (Residential)
Structure/Number of Floors  Steel-framed reinforced concrete structure with flat roof 14F
Location  5-4-25 Chihaya, Higashi-ku, Fukuoka-shi, Fukuoka
Land area  2,644.63 
Total floor area  10,856.15 
Completion date  October 19, 2006

Property Features

The property is located in an area with favorable access to the central areas of Hakata and Tenjin. For Kashii Sub-Center (Chihaya) District, the streetscapes are well developed and there is diverse demand, including needs for company housing for employees transferred from other regions and needs from families who prefer quiet residential areas. As the number of shops, sales offices, etc. is growing, XYMAX REIT believes that improvement in living convenience in the area is expected to continue.

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