NIPPON REIT Investment Corporation

Securities code:3296

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A-23 Itohpia Iwamotocho ANNEX Building

Location 2-14-2, Iwamotocho, Chiyoda-ku, Tokyo
Access Approximately a 4-minute walk from Iwamotocho Station on the Tokyo Metro Hibiya Line, approximately a 5-minute walk from Kodenmacho Station on the Tokyo Metro Hibiya Line, and approximately a 9-minute walk from Kanda Station on the JR Lines and the Tokyo Metro Ginza Line
Site area 631.74㎡
Total floor space 3,829.74㎡
Structure/Floors Steel-framed reinforced concrete with flat roof,9F
Completion November 1991
Acquisition date February 12, 2015

Location Characteristics

The Iwamotocho/Higashi-Kanda/Soto-Kanda zone where Itohpia Iwamotocho 2-Chome Building stands is an area which expands around Akihabara Station.
Through the redevelopment projects conducted from 2004 to 2006 based on the concept of turning Akihabara into a global hub for the IT industry, large office buildings were supplied in the Akihabara area for the first time ever. This led to leading companies establishing offices and headquarters in the area, and a concentration of related companies also increased in tandem. As a result, the concentration level of offices increased and its recognition as an office area improved. It can be said that the area’s function of accepting the demand from tenants seeking buildings with relatively discounted rents while being equipped with excellent access convenience and demand from those that have spilled out of the market core has become a strong feature.

Property Features

Itohpia Iwamotocho Annex Building is approximately a 4-minute walk from Iwamotocho Station on the Tokyo Metro Hibiya Line, approximately a 5-minute walk from Kodenmacho Station on the Tokyo Metro Hibiya Line, and approximately a 9-minute walk from Kanda Station on the JR Lines and the Tokyo Metro Ginza Line. As for access, the location can be evaluated to have a certain level of convenience as several lines are available within walking distance. The building is equipped with standard specifications and the power outlet capacity of 70VA/m2 which is higher than standard offices that meet tenant needs.

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