Hines steps foot into Japanese real estate industry
Hines steps foot into Japanese real estate industry
  Deals  |  International

Hines steps foot into Japanese real estate industry

Hines, the international real estate firm, has acquired the New Stage Yokohama building in the Yokohama submarket in the Greater Tokyo area.
RE+D magazine
25.11.2021

Built in 1993, New Stage Yokohama is a 17-story tower, providing over 500,000 square feet of office space.

Hines, the international real estate firm, has acquired the New Stage Yokohama building in the Yokohama submarket in the Greater Tokyo area.


The asset was purchased off-market on behalf of the firm’s flagship fund, Hines Asia Property Partners (HAPP), and is HAPP’s first acquisition in Japan.


Built in 1993, New Stage Yokohama is a 17-story tower, providing over 500,000 square feet of office space. 


The building features expansive indoor and outdoor common areas, a large tenant dining area, an atrium-style lobby, a tenant sky lounge, and large column-free floor plates. 


The existing tenancy includes a diversified group of high-quality tenants from real estate, technology, R&D, automotive and financial services sectors.


A significant renovation effort is underway to revitalize the building to appeal to both traditional and R&D users. Details of the renovation plans will be announced at a later date after consultation with the existing tenants and the City of Yokohama. Renovations are expected to commence in Q1 of 2022 with completion by mid-2023.