NIPPON REIT Investment Corporation

Securities code:3296

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A-26 FORECAST Ningyocho PLACE

Location 3-4-14 Ningyocho, Nihombashi, Chuo-ku, Tokyo
Access Approximately a minute walk from Ningyocho Station on the Tokyo Metro Hibiya Line and the Toei Subway Asakusa Line
Site area 394.68㎡ (Note 1)
Total floor space 2,193.10㎡
Structure/Floors Steel-framed reinforced concrete with flat roof,8F
Completion February 1984
Acquisition date February 12, 2015
(Note 1)Including a private road burden portion (approximately 12.43 m2) pursuant to Article 42, Paragraph 2 of the Building Standards Act.
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Location Characteristics

The Ningyocho/Kakigaracho zone is formed around major roadways including Shin-Ohashi-Dori and Kiyosubashi-Dori streets, and there are Suitengumae Station on the Tokyo Metro Hanzomon Line, Ningyocho Station on the Tokyo Metro Hibiya and Toei Subway Asakusa lines and Hamacho Station on the Toei Subway Shinjuku Line within the zone.
The zone’s characteristic is that there are many small-sized buildings with a total floor space of less than 1,000 tsubos and the number of mid- and large-sized office buildings in stock being few when compared to adjacent zones. The supply of new buildings are also few and it is under a situation where stock improvement or accumulation of superior office buildings in stock is not progressing.
As for the characteristics of those demanding office spaces, it can be observed that many tenants focus on relatively discounted rents for Chuo-ku.

Property Features

FORECAST Ningyocho PLACE is approximately a minute walk from Ningyocho Station on the Tokyo Metro Hibiya Line and the Toei Subway Asakusa Line and is along Hamachogashi-Dori Street. It has strong solicitation power in terms of proximity to the nearest station and accessibility to locations in Tokyo. In addition, it can also be said to have high visibility as a building facing Kinza-Dori street.
FORECAST Ningyocho PLACE is categorized as a small-sized building as its total floor space is around 700 tsubos and a standard floor area is around 70 tsubos. Floors are rectangle (regularly shaped) and have flexibility in layouts and high space use efficiency.
The building is equipped with standard specifications that can meet tenant needs.

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