NIPPON REIT Investment Corporation

Securities code:3296

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A-55 NORE Meieki

Location 1-3-18 Meiekiminami, Nakamura-ku, Nagoya, Aichi
Access Approximately a 7-minute walk from Fushimi station on the Nagoya City Subway Higashiyama Line, and Approximately a 10-minute walk from Nagoya staion on the JR Line
Site area 723.64㎡
Total floor space 5,614.44㎡
Structure/Floors Steel-framed structure/flat roof, 11F
Completion January 2007
Acquisition date July 2, 2015

Location Characteristics

The Meieki zone, in which NORE Meieki is located, is expanding along the east side of the Nagoya Station which boasts the superior access convenience as several train routes are available including the JR Lines, the Meitetsu Line, the Kintetsu Line and Nagoya Municipal
Subway Higashiyama Line. Furthermore, as the Tokaido Shinkansen is available from the station, the zone may have a competitive advantage in terms of the wide area traffic network.The zone is positioned as central of Nagoya city where the stocks of high quality building are increasing due to redevelopment in late years, and the competitiveness of the area is increasing compared to the other areas.NORE Meieki is located in the Meieki zone, a 7-minute walk from the Fushimi Station on the Nagoya Municipal Subway and a 10-minute walk from the Nagoya Station. Due to the distance from the Nagoya station, tenants may require a certain flexible rent level in case competed with office buildings located near the station. However it is considered to have certain competitive advantage in terms of marketability because of the shortage of vacant areas of newly built offices and sizable buildings alike NORE Meieki in the zone.

Property Features

As many buildings located in the Meieki zone are small-sized buildings with less than 1,000 tsubos of total floor space and 100 tsubos or less of average floor space, the size of NORE Meieki is sort of greater than that of buildings in the volume zone (zone with largest distribution).
Furthermore as the building age the building has highly competitive average. The building is equipped with a standard level of facilities and specifications which can meet the tenants’needs.

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