Tiffany Building

Overview

In 2010, APL leveraged its real estate expertise to add value to the iconic Tiffany Building, built in 1987 and renovated by renowned architect Kengo Kuma. The acquisition was facilitated by a European bank with whom APL has a strong relationship.

Located on the Ginza strip, Japan’s premier luxury commercial district, the 10-story building houses a flagship store of Tiffany & Co., a restaurant in the basement, and offices on the upper levels. APL recognized the opportunity to reduce property expenses and lease-up significant existing vacancies on the office floors at higher rents, capitalizing on the strong brand and image of the building. APL was able to take the office occupancy from 53% to 100%, while also achieving an increase in rental rates.

Summary

Location Tokyo, Japan

Property Type Retail/Office

Property Size 5,870 square meters

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