Japan asset management company sells Matsushita IMP building

This is one of the largest transactions in the Osaka office building market.

Multi-asset investment management firm Gaw Capital Partners, headquartered in Hong Kong, will sell the Matsushita IMP Building, a Grade A-/B+ office building in Osaka Business Park, on August 8.

The property, acquired in April 2020, will be sold to a consortium led by Mizuho Real Estate Management. With a net leasable area of 42,140 square metres, it represents one of the largest office transactions in the Osaka market in recent years.

Located in the 26-hectare business district in Chuo-ku, the property is within walking distance of four subway stations.

The company has implemented a series of building value enhancement measures since acquiring the building, including renovations to the first and third floors in September 2022.