#Japan #Ichikawa #Chiba #List Development

List Development Acquires Two Rental Apartments in Ichikawa

List Development Co., a subsidiary of List Corporation, has announced the acquisition of two rental apartment buildings, "The Residence Gyotoku II" and "The Residence Gyotoku III," located in Ichikawa, Chiba. The properties will officially join the company's portfolio on September 30, 2025. This strategic purchase aims to bolster List Development's position within the residential rental market, catering to the growing demand for quality housing in the region.

Overview of the Acquired Properties

The Residence Gyotoku II

• - Location: A mere 10-minute walk from Gyotoku Station on the Tokyo Metro Tozai Line.
• - Built: May 2002 (23 years old)
• - Structure: Reinforced concrete, 5 stories
• - Land Area: 640.00 m² (approx. 193.60 tsubo)
• - Total Floor Area: 1,445.59 m² (approx. 437.29 tsubo)
• - Number of Units: 58 residential units with layouts primarily of 1K bedrooms, averaging just under 20 m² each.

The Residence Gyotoku III

• - Location: Also located within a convenient 10-minute walk from Gyotoku Station.
• - Built: June 2001 (24 years old)
• - Structure: Reinforced concrete, 6 stories
• - Land Area: 923.90 m² (approx. 279.47 tsubo)
• - Total Floor Area: 1,925.16 m² (approx. 582.36 tsubo)
• - Number of Units: 77 residential units, also focusing on the 1K design, appealing to young professionals and students.

Reasons Behind the Acquisition

The decision to acquire these properties stems from several factors that highlight the advantageous positioning of the Ichikawa area. Situated close to major business hubs like Nihonbashi and Otemachi, the properties allow tenants quick access to these key districts, typically within a 30-minute commute. The transportation options, particularly the nearby Gyotoku Station, provide excellent connectivity, making these apartments attractive to prospective renters.

Moreover, the rental price trends in Ichikawa show a continuous upward trajectory, demonstrating increasing demand relative to the convenience and affordability when compared to options in central Tokyo. This has been particularly appealing to corporations seeking housing solutions for their employees, further stabilizing rental income potential.

Financing and Future Plans

For the acquisition of The Residence Gyotoku III, List Development has partnered with Orix Bank, leveraging Positive Impact Finance. This financing approach assesses and supports business activities that positively affect the economy, environment, and society, reflecting a growing trend in responsible and sustainable investment practices.

As part of its commitment to regional revitalization, List Development plans to continue expanding its portfolio through the development of additional residential properties and value-adding real estate solutions. The company places strong emphasis on maximizing property value and aims to contribute meaningfully to community enhancement efforts.

About List Development Co.

Founded on May 10, 1991, List Development Co. is focused on the planning, development, sales, and management of residential buildings, office towers, and tenanted properties. With its corporate headquarters located in Yokohama, Kanagawa Prefecture, the firm has a rich history in real estate development, including condominium and single-family home ventures, as well as asset management initiatives.

As part of the broader List Group—established in 2016 as part of a course restructuring—List Development remains dedicated to delivering high-quality real estate solutions to meet the evolving needs of its clientele. The company's commitment to excellence is evident through its participation in high-profile projects, including exclusive partnerships with internationally recognized brands like Sotheby’s, enhancing its service offerings and extending its market reach across Japan and beyond.

Moving forward, List Development's growth strategy is geared towards harnessing modern real estate opportunities while maintaining a strong focus on sustainability and community coherence, ensuring they remain at the forefront of the industry.