Ginza Retail Complex, Tokyo

About this Property

The Ginza Retail Complex in Tokyo, Japan, represents an extraordinary opportunity to invest in one of the world's most exclusive and high-value retail districts. Ginza is Japan's equivalent of New York's Fifth Avenue or Paris's Champs-Élysées — a global luxury shopping destination where land values are among the highest on earth and vacancy is virtually non-existent. The complex comprises 28,000 square feet of prime ground-floor and first-floor retail space across two interconnected buildings, currently leased to a global luxury fashion conglomerate on a 10-year lease with two 5-year renewal options. The tenant operates flagship stores for three of its premium brands from the premises, making this a strategically critical location for their Asia-Pacific retail strategy. JAPAN'S LUXURY MARKET Japan is the world's third-largest luxury goods market, with Tokyo serving as the undisputed luxury capital of Asia. International tourist arrivals to Japan surpassed 35 million in 2024, with luxury retail spending by foreign visitors growing 48% year-on-year following the yen's depreciation. Ginza specifically has seen rental rates increase by 22% over the past 18 months as luxury brands compete aggressively for limited space. INVESTMENT STRUCTURE Investors acquire fractional ownership in the property through a Japanese GK-TK (Godo Kaisha – Tokumei Kumiai) structure, the standard vehicle for foreign investment in Japanese real estate. Rental income is distributed quarterly in USD after currency hedging costs (0.8% per annum) and property management fees (5%). PROJECTED RETURNS Annual net rental income: ¥680M (~$4.5M USD). Projected annual yield to investors: 9–11%. Capital appreciation driven by continued Ginza land value appreciation and the scarcity of investable retail assets in this location. 5-year projected IRR: 13–16%. RISK PROFILE Low. Investment-grade tenant with a 10-year lease provides exceptional income visibility. Japan's stable political and legal environment and the structural scarcity of Ginza retail space provide strong capital protection.