Phoenix acquired this 33-storey Grade-A rental apartment building located in the thriving Shinagawa Central Business District, home to many headquarters and branch offices of large Japanese and multinational corporations. The property has direct access to Shinagawa Station which provides rail services to Tokyo’s two international airports, as well as bullet trains to Nagoya, Kyoto and Osaka.

The building is converted into a contemporary serviced apartment with 202 suites, ranging from 30 to 110 sq.m., and managed by globally-recognized Oakwood Worldwide, to cater for the needs of both the continually growing business community and demanding international travellers.

After significant project and asset enhancement works, Phoenix successfully sold the property to a consortium of foreign investors in 2019.