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Galleria Otemae is located within Chuo Ward, an administration and commercial district of Osaka, Japan. The property is located approximately 300 metres from the Tenmabashi Station. Galleria Otemae is a 12-storey building, comprising commercial office space, ground floor and basement retail space and 48 car park lots.
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FCOT acquired a 100.0% indirect interest in Galleria Otemae from Little Wing Y. K. and Air Wing Y. K. for JPY6.56 billion (S$86.2 million)[1] on 26 September 2007.
Galleria Otemae is currently occupied by 32 tenants under traditional Japanese leases. The basement level is occupied by food and beverage retailers, while ground floor tenants include 7-Eleven and FedEx Kinko’s. The upper floors are occupied by commercial office tenants.
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As at 30 September 2008 |
| Address |
Number 2, Tanimachi 2-chome, Chuo-ku,
Osaka-shi, Osaka-fu |
| Tenure |
Shoyu-ken[2] |
| Net Lettable Area (NLA) |
108,735 sq ft (10,101 sqm) |
| Car Spaces |
48 |
| Date Refurbishment Completed |
28 February 1978 |
| Occupancy Rate |
96.4% |
| PML |
19% |
| WALE by income |
1.9 years |
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