Skip Ribbon Commands
Skip to main content

News Releases


JLL advises on sale of the office component of Pacific Century Place Marunouchi building, Tokyo

SINGAPORE, 21 October 2014 - JLL Asia Pacific Capital Markets has advised Secured Capital Investment Management on the sale of the office component of Pacific Century Place Marunouchi (PCPM), an iconic Tokyo grade A office tower to GIC, Singapore’s sovereign wealth fund. Located in Marunouchi, Tokyo’s most prestigious office submarket, PCPM comprises the luxurious 5-star Four Seasons Hotel Tokyo, a retail complex and prime office space totalling gross floor area (GFA) of 81,692 sqm. 

Stuart Crow, head of Asia Pacific Capital Markets at JLL said: "The office component of Pacific Century Place Marunouchi attracted interest from investors across the globe, reflecting current high levels of interest in the Tokyo commercial real estate market."
Akihiko Mizuno, head of Capital Markets at JLL Japan said: "What’s clear from this sales process is that many investors are taking a positive view on future rent increases in the Tokyo grade A office market. This positive outlook around rents is supported by the recovery of the Japanese economy and ‘Corporate Japan'."

JLL also acted as buy-side advisor to Secured Capital Investment Management in 2009 when the firm acquired the building.

– ends –

Notes to Editors
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2013 JLL Capital Markets completed US$99 billion in investment sale and debt and equity transactions globally. The firm’s Capital Markets team comprises more than 1,300 specialists operating all over the globe.

About JLL 
JLL (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual fee revenue of $4 billion and gross revenue of $4.5 billion, JLL has more than 200 corporate offices, operates in 75 countries and has a global workforce of approximately 53,000. On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.0 billion square feet, or 280.0 million square meters, and completed $99.0 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $50.0 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle incorporated. For further information, visit

JLL has over 50 years of experience in Asia Pacific, with over 28,000 employees operating in 80 offices in 16 countries across the region. The firm was named ‘Best Property Consultancy’ in seven Asia Pacific countries at the International Property Awards Asia Pacific 2014, and won nine Asia Pacific awards in the Euromoney Real Estate Awards 2013. 

200 East Randolph Drive Chicago Illinois 60601 | 30 Warwick Street London W1B 5NH |
9 Raffles Place #39–00 Republic Plaza Singapore 048619