Largest Transaction in 2009 “PCP Marunouchi was sold at JPY 140 billion.”
Pacific Century Place Marunouchi
Largest Transaction in 2009 “PCP Marunouchi was sold at JPY 140 billion.”
Secured Capital Japan announced its acquisition of Pacific Century Place Marunouchi from lenders(leaded by Shinsei Bank) of loans to SPC of DaVinci Advisors .
Transaction price is about JPY 140 Billion.(estimatd). this mega deal is a largest transaction in 2009 Japanese real estate market .
Summary of a transaction of “Pacific Century Place Marunouchi”
| Pacific Century Place Marunouchi | |
| Transaction Summary | |
| Transaction Price | JPY 140,000,000,000- (estimated) |
| Transaction Date | Dec. 2009 |
| Seller | Lenders (Shinsei Bank & others) |
| Buyer | Secured Capital Japan |
| Transaction Info | |
| Scope of Transaction | Office Space (8-31 floor) |
| NRA | 39,102m2 |
| Remarks | other space(hotel&rcommercial) are not included in this transaction. |
| Financial Info | |
| Estimated Occupancy (office space only) | 100% |
| Estimated NOI | 3.50% |
Summary of “Pacific Century Place Marunouchi”
| Property Summary | |
| Category | |
| Type | Office |
| Class | S-Class |
| Size | Super Large |
| Property Info | |
| Name | Pacific Century Place Marunouchi |
| Address | 1-11-1 Marunouchi, Chiyoda-ku, Tokyo View location by Google map |
| Area | Marunouchi / Tokyo |
| Built Year | November. 2001 |
| No. of Floors | 32 + B4 Floors |
| Building Area | 81,752m2 |
| Land Area | 6,383m2 |
| Transportation | 2 mins to Tokyo Station (JR & Tokyo Metro) |
| Architectual designer | Nikken Sekkei |
| Construction company | JV of Kajima & Takenaka |
| Developer | PCCW (Hong Kong) |
| Tenant type | B4 - 2 Floor : retail & commercial |
| 3 - 7 floor : Four Seasons Hotel | |
| 8 - 31 floor : office | |
Tokyo station & PCP Marunouchi
Transaction History of “Pacific Century Place Marunouchi”
| Transaction History | |
| 1997 | Pacific Century Group (PCCW,Hong Kong) acquired a land from National Railway through an auction. Contract price was JPY 86,9 billion. |
| 1999 | Pacific Century Group (PCCW,Hong Kong) startd a development of Pacific Century Place Marunouchi, *estimated total invested amount including land price is JPY 130 billion. |
| Nov.2001 | Compleation of Pacific Century Place Marunouchi. |
| Sep.2006 | DaVinci Advisors acpuired ownership of office space (8 - 31 floor) from PCCW for about JPY 200 billion. *estimated cap rate was 2.4 % |
| 2009.Sep | Loan Default : SPC of DaVinci Advisors failed refinancing. |
| 2009.Dec | Secured Capital Japan acquired ownership of office spae (8 - 31 floor) from lenders for about JPY 140 billion. |
Asterisk Realty is a first class private Japanese real estate brokerage that markets high net worth Japanese properties to international investors seeking advisory on property development, ownership, investment and occupation.
Superb off-market properties are rarely seen in the open market even during times of financial hardship. However there is a door way into the discrete market where conservative Japanese property owners welcome trusted and accredited “outside buyers”. Asterisk Realty is an exclusive gateway to build trust with foreign investment interest and introduce the best of the best off-market properties.
Please contact us for superb investment opportunities in Japan.
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