OSAKA-Nippon Building Fund and an unnamed Japanese institutional investor are now the proud owners of Sony's City Osaka office building.
According to a statement by the electronics giant, the asset was placed in a trust and the beneficiary rights sold. There is also a sale/leaseback aspect to the transaction which carves out a five-year stay for Sony.
The sale is also in keeping with the firm's push to reorganize its assets and shore up its corporate structure. This strategy played out recently in the US market when the firm sold it's now iconic 550 Madison Ave. property for $1.1billion.
Recommended For You
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
