Integral Real Estate Fund I (“IREF I”), managed by Integral Real Estate Corporation(“IRE”) has completed the acquisition of two residential properties located in Shibuya Ward, Tokyo, from separate sellers.
Both newly acquired properties are located in highly convenient areas, within a five- minute walk from the nearest station and demonstrate strong potential for future growth.
The property in Yoyogi, Shibuya Ward, is a high-quality designer property that received a Good Design Award upon completion. It is also conveniently located only a four-minute walk from JR Yoyogi Station. To revitalize the property and boost its value IRE plans to renovate parts of both the common areas and individual units.
The second property in Oyama-cho, Shibuya Ward, is a rare building in one of Tokyo’s premier high-end residential areas, notable for its primarily large units exceeding 100 square meters. Given the market shift from “buying” to “renting” strong rental demand is anticipated for this property.
We will continue to focus on discovering and creating investment opportunities across multiple asset types including residential, office, hotel, logistics, and retail assets, strategically expanding our investments in the Tokyo metropolitan area and other potential high-growth major cities in Japan.
