Tuesday, 2 December 2025
Deka Immobilien has sold an office and service property in the Hakusan High-Tech Park in Yokohama, Japan. The asset was acquired by Godo Kaisha Hakusan, a vehicle established by a consortium of Japanese institutional investors. The transaction concerns a property held in the open-ended real estate fund Deka-ImmobilienGlobal. The purchase price remains confidential.
Completed in 1987, the “German Industry Park” offers approximately 15,600 sqm of lettable space and 107 parking spaces. Alongside office areas, the property provides flexible space for production, research, product demonstrations and warehousing. Additional amenities include a restaurant, cafeteria and training rooms. The building is fully occupied by 24 tenants from the industrial, technology and manufacturing sectors.
Situated in Yokohama—Japan’s second-largest city—the property benefits from its location within the Hakusan High-Tech Park, a recognised hub for German companies operating in Japan. Transport links include proximity to Tokyo Haneda International Airport, about 20 kilometres away, and a nearby railway station providing rapid connections on the high-speed line between Tokyo and Osaka.
The property has received a four-star rating under Japan’s CASBEE sustainability certification system.
According to Deka Immobilien, the disposal takes advantage of favourable market conditions following a holding period of more than 17 years. The sale forms part of ongoing portfolio optimisation, involving the divestment of older assets and reinvestment into new opportunities. The fund intends to redeploy the capital into countercyclical acquisitions. Over the entire holding period, investors generated a significant profit from the transaction.
