Hamburg-based Union Investment Real Estate AG has bought the new office building Glass City Harumi in Tokyo’s Harumi district for over 100 million Euros (£79.5 million).
The acquisition comes after its purchase of the retail property Solado Harajuku, which was acquired for 90 million Euros in July.
Both deals were carried out for Union Investment’s open-ended real estate fund UniImmo: Global.
The building layout leads to a total of 120 555 square feet of rentable area, which is spread over 12 storeys, allowing for large tenant use.
Union Investment Real Estate AG was advised by Freshfields Bruckhaus Deringer LLP in Hamburg.