Faith Network Develops 'GranDuo Musashikoyama 5,' Acquired by JR Shikoku to Begin Operation as 'J. Liver Musashikoyama West'
Faith Network Co., Ltd. announced that JR Shikoku has acquired its newly developed property, 'GranDuo Musashikoyama 5,' and will operate it as the 'J. Liver Musashikoyama West' rental residence. This marks the second acquisition from Faith Network by JR Shikoku as part of its strategic expansion into the Tokyo rental market.
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- 📰 Published: April 28, 2026 at 20:00
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Faith Network Co., Ltd. (Headquarters: Shibuya-ku, Tokyo; President: Jiro Hachiya; hereinafter 'the Company') is pleased to announce that Shikoku Railway Company (Headquarters: Takamatsu City, Kagawa Prefecture; President: Kazuyuki Shinomiya; hereinafter 'JR Shikoku') has acquired 'GranDuo Musashikoyama 5,' a property developed by the Company, for revenue-generating purposes and has commenced operations under the name 'J. Liver Musashikoyama West' (hereinafter 'the Property').
### Background of Acquisition
The Company provides a one-stop service covering land acquisition, design, construction, sales, tenant recruitment, and property management, primarily in popular residential areas of Tokyo's 'Jonan 3 Districts' (Setagaya, Meguro, and Shibuya). It develops unique brands such as 'GranDuo' and 'THE GRANDUO.' With a track record of over 300 buildings developed and an occupancy rate of 98.7% (as of the end of September 2025), which has remained above 98% for the past five years, the Company has seen an increasing number of acquisitions by corporate entities seeking revenue expansion.
Meanwhile, JR Shikoku's 'Long-term Management Vision 2030' aims for maximum revenue growth in non-railway businesses to strengthen its management foundation. This includes the development of its 'J. Liver' rental residence brand. The Property was acquired because the 'GranDuo' series aligns with the 'J. Liver' concept: 'Housing that helps residents realize their dreams' (Liver/Rêveur means 'dreamer' in French). This marks the second property JR Shikoku has acquired from the Company, following 'J. Liver Chitose Karasuyama.'
### Features of the Property
- Located in a quiet residential area past Musashikoyama Green Road Park, while enjoying high convenience near the station, just a 7-minute walk from Musashikoyama Station on the Tokyu Meguro Line.
- Takes advantage of a site facing streets on three sides to ensure large openings and a bright, comfortable interior environment while maintaining privacy.
- Utilizes the 'inverted beam construction method' where beams are placed on the upper floor side as much as possible, achieving flat ceilings and a spacious interior while ensuring structural stability.
- Offers unit plans ranging from 1DK to 2LDK, catering to a wide range of rental demand from singles to small families.
- Obtained certification under the Building Energy-efficiency Labeling System (BELS) and is recognized as ZEH-M Oriented. This improves energy performance, reducing utility costs for residents and contributing to the long-term maintenance and improvement of asset value.
### About Shikoku Railway Company (JR Shikoku)
As a key public transport infrastructure provider in Shikoku, JR Shikoku operates centered on passenger railway services while focusing on non-railway businesses such as real estate, hotels, condominiums, and food and beverage retail to strengthen its management base. Since 2022, it has been expanding the 'J. Liver' brand, owning five buildings in the Tokyo metropolitan area as of 2025 (excluding this property).
- Address: 8-33 Hamanocho, Takamatsu City, Kagawa Prefecture
- Representative: President Kazuyuki Shinomiya
### Company Profile
- Name: Faith Network Co., Ltd.
- Website: https://faithnetwork.co.jp
- Address: 3F Prime Sendagaya Bldg., 4-23-5 Sendagaya, Shibuya-ku, Tokyo
- Representative: President Jiro Hachiya
- Business: Real Estate / Construction / First-class Architectural Office (Focusing on real estate investment support providing new RC apartments in the Jonan 3 Districts via one-stop service)
- Stock Code: TSE Standard Market 3489
### Background of Acquisition
The Company provides a one-stop service covering land acquisition, design, construction, sales, tenant recruitment, and property management, primarily in popular residential areas of Tokyo's 'Jonan 3 Districts' (Setagaya, Meguro, and Shibuya). It develops unique brands such as 'GranDuo' and 'THE GRANDUO.' With a track record of over 300 buildings developed and an occupancy rate of 98.7% (as of the end of September 2025), which has remained above 98% for the past five years, the Company has seen an increasing number of acquisitions by corporate entities seeking revenue expansion.
Meanwhile, JR Shikoku's 'Long-term Management Vision 2030' aims for maximum revenue growth in non-railway businesses to strengthen its management foundation. This includes the development of its 'J. Liver' rental residence brand. The Property was acquired because the 'GranDuo' series aligns with the 'J. Liver' concept: 'Housing that helps residents realize their dreams' (Liver/Rêveur means 'dreamer' in French). This marks the second property JR Shikoku has acquired from the Company, following 'J. Liver Chitose Karasuyama.'
### Features of the Property
- Located in a quiet residential area past Musashikoyama Green Road Park, while enjoying high convenience near the station, just a 7-minute walk from Musashikoyama Station on the Tokyu Meguro Line.
- Takes advantage of a site facing streets on three sides to ensure large openings and a bright, comfortable interior environment while maintaining privacy.
- Utilizes the 'inverted beam construction method' where beams are placed on the upper floor side as much as possible, achieving flat ceilings and a spacious interior while ensuring structural stability.
- Offers unit plans ranging from 1DK to 2LDK, catering to a wide range of rental demand from singles to small families.
- Obtained certification under the Building Energy-efficiency Labeling System (BELS) and is recognized as ZEH-M Oriented. This improves energy performance, reducing utility costs for residents and contributing to the long-term maintenance and improvement of asset value.
### About Shikoku Railway Company (JR Shikoku)
As a key public transport infrastructure provider in Shikoku, JR Shikoku operates centered on passenger railway services while focusing on non-railway businesses such as real estate, hotels, condominiums, and food and beverage retail to strengthen its management base. Since 2022, it has been expanding the 'J. Liver' brand, owning five buildings in the Tokyo metropolitan area as of 2025 (excluding this property).
- Address: 8-33 Hamanocho, Takamatsu City, Kagawa Prefecture
- Representative: President Kazuyuki Shinomiya
### Company Profile
- Name: Faith Network Co., Ltd.
- Website: https://faithnetwork.co.jp
- Address: 3F Prime Sendagaya Bldg., 4-23-5 Sendagaya, Shibuya-ku, Tokyo
- Representative: President Jiro Hachiya
- Business: Real Estate / Construction / First-class Architectural Office (Focusing on real estate investment support providing new RC apartments in the Jonan 3 Districts via one-stop service)
- Stock Code: TSE Standard Market 3489