NIPPON REIT Investment Corporation

Securities code:3296

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A-65 DIA Building Meieki

Location 3-8-7, Meieki, Nakamura-ku, Nagoya, Aichi
Access Approximately a 3-minute walk from Kokusai Center Station on the Nagoya Municipal Subway Sakura-dori Line
Site area 563.51㎡
Total floor space 2,909.28㎡
Structure/Floors Steel-framed reinforced concrete with flat roof, B1/6F
Completion December 1991
Acquisition date July 3, 2018

Location Characteristics

The “Meieki area”, where the property is located, is an area extending from the east side of Nagoya Station. The area enjoys convenient access as multiple trains lines including the JR Lines, the Meitetsu Lines, the Kintetsu Line, and the Nagoya Municipal Subway Higashiyama and Sakura-dori Lines are accessible. The area is highly evaluated in terms of access to extensive areas using the Tokaido Shinkansen. The area is recognized as a center of Nagoya City and is becoming more competitive than other areas with an increasing number of high-quality properties after the recent reconstruction projects. The property is an approximately 3-minute walk from Kokusai Center Station on the Nagoya Municipal Subway Sakura-dori Line and within walking distance from Nagoya station on the JR Lines, and it is considered to be conveniently located.

Property Features

The property is categorized as a small- and medium-sized building as it has the total floor space of approximately 880 tsubo and the standard floor space of approximately 100 tsubo which are the standard size in the area. Its leasing spaces are regularly shaped with no pillars and considered to have relatively high layout flexibility. The property meets the new earthquake-resistance standards and is considered to have no difficulty in attracting tenants as there are many old buildings in the “Meieki area”. Furthermore, it is equipped with standard level of specifications which can meet tenants’ needs.

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