Integral Real Estate Fund I, managed by Integral Real Estate Corporation (“IRE”) has completed the acquisition of three properties located in Tokyo and Fukuoka Prefecture from separate sellers. With these acquisitions, the total cumulative acquisition value of the fund on a contract basis has exceeded 40 billion yen.
Two of the three newly acquired properties are residential properties, one is an office building. All are in highly convenient areas in the center of Tokyo and Fukuoka City. We aim to further enhance the asset value through value-add measures tailored to the specific characteristics of each region and property.
The residential property in Shibuya Ward, Tokyo, is a newly built rental residence located in a quiet high-end residential area, an eight-minute walk from Yoyogi-Uehara Station on the Tokyo Metro Chiyoda Line. We aim to maximize the property’s potential by executing an appropriate leasing strategy.
The office building in Chiyoda Ward, Tokyo, is in a prime location with access to multiple stations, being a two-minute walk from Awajicho Station on the Tokyo Metro Marunouchi Line and a seven-minute walk from Kanda Station on the JR and Tokyo Metro Ginza Line. We will enhance competitiveness by converting some vacant units into “plug-and-play” offices.
The residential property in Chuo Ward, Fukuoka City, Fukuoka Prefecture, is a rental residence located a six-minute walk from Watanabe-dori Station on the Fukuoka City Subway Nanakuma Line, offering excellent access to the Tenjin and Hakata areas, the center of Fukuoka City where population inflow continues. Post-acquisition, we plan to strategically renovate both common areas and residential units. This strategic implementation of a refined modern aesthetic will unlock the asset value.
IRE 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.
