Lead Real Estate Co., Ltd. Announces Sale of Two Luxury Condominium Buildings in Prime Locations in Tokyo
Lead Real Estate (LRE) has announced the successful sale and delivery of two luxury condominium buildings in Tokyo in December 2024. The first property, Excelsior Nishi Azabu 2 Chome in Minato-ku, is a 3-unit building featuring reinforced concrete construction with one basement and three above-ground floors, spanning 4,985 square feet of building area on 2,238 square feet of land. The second property, The Real Building Nishi Waseda in Shinjuku-ku, is a 5-unit steel frame structure with five floors, covering 3,220 square feet of building area on 726 square feet of land.
Both properties are situated in prime Tokyo locations, with Nishi Azabu offering proximity to financial centers and shopping districts, while Nishi Waseda is near parks, Waseda University, and subway stations. Due to confidentiality agreements, the sale prices and buyer details were not disclosed.
Lead Real Estate (LRE) ha annunciato la vendita e consegna con successo di due edifici condominiali di lusso a Tokyo nel dicembre 2024. La prima proprietà, Excelsior Nishi Azabu 2 Chome a Minato-ku, è un edificio di 3 unità con una struttura in cemento armato, composto da un piano interrato e tre piani sopraelevati, per un'area edificabile di 4.985 piedi quadrati su un terreno di 2.238 piedi quadrati. La seconda proprietà, The Real Building Nishi Waseda a Shinjuku-ku, è una struttura in acciaio di 5 unità con cinque piani, coprendo un'area edificabile di 3.220 piedi quadrati su un terreno di 726 piedi quadrati.
Entrambe le proprietà sono situate in posizioni strategiche di Tokyo, con Nishi Azabu che offre vicinanza ai centri finanziari e ai distretti commerciali, mentre Nishi Waseda è vicino a parchi, all'Università di Waseda e alle stazioni della metropolitana. A causa di accordi di riservatezza, i prezzi di vendita e i dettagli sull'acquirente non sono stati divulgati.
Lead Real Estate (LRE) ha anunciado la exitosa venta y entrega de dos edificios de condominios de lujo en Tokio en diciembre de 2024. La primera propiedad, Excelsior Nishi Azabu 2 Chome en Minato-ku, es un edificio de 3 unidades con una construcción de hormigón armado, con un sótano y tres pisos sobre el suelo, abarcando 4.985 pies cuadrados de área construida en 2.238 pies cuadrados de terreno. La segunda propiedad, The Real Building Nishi Waseda en Shinjuku-ku, es una estructura de acero de 5 unidades con cinco pisos, cubriendo 3.220 pies cuadrados de área construida en 726 pies cuadrados de terreno.
Ambas propiedades están ubicadas en lugares privilegiados de Tokio, con Nishi Azabu ofreciendo proximidad a centros financieros y distritos comerciales, mientras que Nishi Waseda está cerca de parques, de la Universidad de Waseda y de estaciones de metro. Debido a acuerdos de confidencialidad, los precios de venta y los detalles de los compradores no se hicieron públicos.
Lead Real Estate (LRE)는 2024년 12월 도쿄에서 두 개의 고급 콘도미니엄 건물의 성공적인 판매 및 인도를 발표했습니다. 첫 번째 부동산인 Excelsior Nishi Azabu 2 Chome는 미나토구에 위치한 3세대 건물로, 구조는 철근 콘크리트로 지하층 1개와 지상 3개 층으로 구성되며, 건물 면적 4,985 제곱피트, 토지 면적 2,238 제곱피트입니다. 두 번째 부동산, The Real Building Nishi Waseda는 신주쿠구에 있는 5세대 스틸 프레임 구조로 5층에 걸쳐 있으며, 건물 면적이 3,220 제곱피트이고 토지 면적은 726 제곱피트입니다.
두 부동산 모두 도쿄의 주요 위치에 있으며, Nishi Azabu는 금융 센터와 쇼핑 지구에 가깝고 Nishi Waseda는 공원, 와세다 대학교, 지하철역 가까이에 위치해 있습니다. 비밀 유지 계약으로 인해 판매 가격과 구매자 정보는 공개되지 않았습니다.
Lead Real Estate (LRE) a annoncé la vente et la livraison réussies de deux bâtiments de condominiums de luxe à Tokyo en décembre 2024. La première propriété, Excelsior Nishi Azabu 2 Chome, située à Minato-ku, est un bâtiment de 3 unités avec une construction en béton armé, comprenant un sous-sol et trois étages, s'étendant sur une superficie de 4 985 pieds carrés sur un terrain de 2 238 pieds carrés. La deuxième propriété, The Real Building Nishi Waseda, à Shinjuku-ku, est une structure en acier de 5 unités avec cinq niveaux, couvrant une surface de 3 220 pieds carrés sur un terrain de 726 pieds carrés.
Les deux propriétés sont situées dans des emplacements privilégiés à Tokyo, Nishi Azabu offrant une proximité avec les centres financiers et les quartiers commerçants, tandis que Nishi Waseda est proche de parcs, de l'Université de Waseda et des stations de métro. En raison d'accords de confidentialité, les prix de vente et les détails des acheteurs n'ont pas été divulgués.
Lead Real Estate (LRE) hat den erfolgreichen Verkauf und die Übergabe von zwei luxuriösen Wohngebäuden in Tokio im Dezember 2024 angekündigt. Die erste Immobilie, Excelsior Nishi Azabu 2 Chome in Minato-ku, ist ein 3-Einheiten-Gebäude mit einer Stahlbetonbauweise, das über ein Untergeschoss und drei Obergeschosse verfügt und eine Gebäudefläche von 4.985 Quadratfuß auf einem Grundstück von 2.238 Quadratfuß umfasst. Die zweite Immobilie, The Real Building Nishi Waseda in Shinjuku-ku, ist eine 5-Einheiten-Stahlrahmenstruktur mit fünf Etagen, die eine Gebäudefläche von 3.220 Quadratfuß auf einem Grundstück von 726 Quadratfuß abdeckt.
Beide Objekte befinden sich in erstklassigen Lagen in Tokio, wobei Nishi Azabu eine Nähe zu Finanzzentren und Einkaufsvierteln bietet, während Nishi Waseda in der Nähe von Parks, der Waseda-Universität und U-Bahn-Stationen liegt. Aufgrund von Vertraulichkeitsvereinbarungen wurden die Verkaufspreise und Käuferdetails nicht bekannt gegeben.
- Successful completion and delivery of two luxury condominium projects in prime Tokyo locations
- Strategic property locations near key amenities and transportation hubs
- Diverse property portfolio with different construction types and unit configurations
- Sale prices and financial impact not disclosed
Insights
The sale of two luxury condominium buildings in prime Tokyo locations represents a strategic asset monetization for Lead Real Estate. The properties' characteristics - particularly their locations in Minato-ku and Shinjuku-ku - are highly desirable in Tokyo's real estate market. Nishi Azabu is especially notable as a premium location near financial districts, while Nishi Waseda's proximity to a prestigious university creates stable rental demand.
The property specifications reveal thoughtful development choices. The Nishi Azabu property's larger footprint (4,985 sq ft) with just 3 units indicates high-end, spacious residences targeting affluent tenants. The Nishi Waseda building's efficient design with 5 units in 3,220 sq ft suggests optimization for rental yield while maintaining premium positioning.
While specific transaction values are undisclosed, luxury properties in these areas typically command premium prices per square meter, suggesting a positive impact on LRE's Q4 2024 financial performance. The completion of these sales demonstrates execution capability in the high-end segment and should strengthen the company's market position.
The strategic significance of these property dispositions extends beyond the immediate transaction value. Both locations represent prime examples of Tokyo's mixed-use urban planning success. Nishi Azabu exemplifies the integration of luxury residential spaces within Tokyo's commercial core, while Nishi Waseda showcases effective transit-oriented development with its proximity to multiple subway stations.
The architectural choices - reinforced concrete for Nishi Azabu and steel frame for Nishi Waseda - align with their respective market positioning. The basement floor in Nishi Azabu adds valuable space in a land-scarce area, while the vertical efficiency of the Nishi Waseda property maximizes the smaller lot size.
These developments reflect LRE's ability to identify and execute projects in areas with strong appreciation potential. The combination of prestigious addresses, transportation access and proximity to key institutions suggests sustained demand for these assets, validating the company's site selection strategy.
TOKYO, Jan. 13, 2025 (GLOBE NEWSWIRE) -- Lead Real Estate Co., Ltd. (Nasdaq: LRE) (“LRE” or “the Company”), a Japanese real estate developer of luxury residential properties including single-family homes and condominiums across Tokyo, Kanagawa prefecture and Sapporo, today announced that in December 2024, it completed the sale and delivery of two newly built luxury income-producing condominium buildings in prime locations in Tokyo.
A 3-unit property, Excelsior Nishi Azabu 2 Chome, in Minato-ku, Nishi Azabu, is made from reinforced concrete, has one basement floor and three floors above ground. It has a building area of 4,985 square feet and a land area of 2,238 square feet. A high-end residential neighborhood surrounded by traditional stores, Nishi Azabu has convenient access to financial centers and elegant shopping districts.
The Real Building Nishi Waseda, in Shinjuku-ku, Nishi Waseda, is a 5-unit property made with steel frame construction. It has five floors above ground, a building area of 3,220 square feet, and a land area of 726 square feet. Located near several parks, the prestigious Waseda University and two subway stations, Nishi Waseda has a friendly atmosphere amidst the world’s largest city.
Due to a confidentiality agreement in place, both the identity of the seller and the sale price will not be disclosed. There are no capital, personal, or business relationships between the Company and the seller, and there are no special interests between the Company and the seller.
About Lead Real Estate Co., Ltd
Lead Real Estate Co., Ltd is a Japanese developer of luxury residential properties, including single-family homes and condominiums, across Tokyo, Kanagawa prefecture, and Sapporo. In addition, the Company operates hotels in Tokyo and leases apartment building units to individual customers in Japan and Dallas, Texas.
The Company’s mission is to serve its customers by offering stylish, safe, and luxurious living. The Company’s vision is to adopt the Kaizen (continuous improvement) approach to seek to improve its operations, and to leverage its nationally recognized, award-winning luxury homes and strong market position in the luxury residential property market in Tokyo, Kanagawa prefecture, and Sapporo to create a global transaction platform allowing access to prime Japanese condominiums as well as overseas condominiums, including in the U.S. and Hong Kong.
For more information, please visit the Company’s website at https://www.lead-real.co.jp/en/.
Forward-looking Statements
Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements" within the meaning of The Private Securities Litigation Reform Act of 1995. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and other factors that may affect its future results in the Company's registration statement and in its other filings with the U.S. Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof, and the Company specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
Contact Information:
For Media and Investor Relations
Daisuke Takahashi
Chief Financial Officer
Lead Real Estate Co., Ltd
d-takahashi@lead-real.co.jp
+81 3-5784-5127
Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the America’s, 5th Floor
New York, NY 10036
Office: (646) 893-5835
Email: info@skylineccg.com
FAQ
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