A fund affiliated with Daiwa Securities Group Inc. is reportedly set to acquire Tokyo Garden Terrace Kioicho, a mixed-use complex on the former site of the Akasaka Prince Hotel, with the total value expected to exceed ¥300 billion.
A fund formed by an entity affiliated with Daiwa Securities Group Inc. will acquire part of Tokyo Garden Terrace Kioicho, a mixed-use complex on the former site of the Akasaka Prince Hotel.
The transaction, covering the office and commercial facilities, is expected to total more than approximately ¥300 billion. Of this, approximately ¥90 billion worth of the office portion is scheduled to be entrusted to Mitsubishi UFJ Trust and Banking Corporation, which is affiliated with MUFG.
The transaction was reportedly confirmed on the 30th and is expected to be one of the largest real estate transactions in Japan in 2026.