36-story Tokyo office building, Tokyo Garden Terrace Kioicho, may be sold by Seibu Holdings for ¥300B ($2.7B), one of Japan's largest property deals.
Japan's Seibu Holdings may sell a high-end, 36-story Tokyo office building for ¥300 billion ($2.7B), in what would be one of Japan's largest property deals. The potential sale of Tokyo Garden Terrace Kioicho would help Seibu free up its balance sheet and comes amid robust global demand for Japanese commercial real estate due to low borrowing costs and stable rents.
March 22, 2024
6 Articles