Daiwa House REIT Investment Corporation (Daiwa House REIT) has completed the reconstruction of Castalia Hatanodai, a residential property in Tokyo’s Ota Ward.
Furthermore, the acquisition was finalised on 30 July 2025 for JPY393 million, marking a JPY15 million increase from the originally anticipated price, said the REIT.
The project involved demolishing the existing Castalia Kamiikedai building, which had been suffering from declining profitability due to deterioration, and constructing a new three-storey wooden and reinforced concrete apartment complex with eight units.
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