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Nichirei developing apartment building with retail spaces in Shintomicho
PROJECTS

Nichirei developing apartment building with retail spaces in Shintomicho

Nichirei will start constructing a rental apartment building with retail spaces in Minato, Chuo-ku. Completion is slated for November 2027.

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Sumitomo Corp purchases Nihombashi-Tomizawacho office building
DEALS

Sumitomo Corp purchases Nihombashi-Tomizawacho office building

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Tosei purchases office building in Chuo-ku
DEALS

Tosei purchases office building in Chuo-ku

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Samty Holdings forms fund specializing in hotels with 1,530 rooms
DEALS

Samty Holdings forms fund specializing in hotels with 1,530 rooms

IIF and Jinushi to form fund, incorporate ten leased sites
DEALS
LOCAL

IIF and Jinushi to form fund, incorporate ten leased sites

IIF REIT to acquire logistics facility and plant for Y12.4bn
DEALS

IIF REIT to acquire logistics facility and plant for Y12.4bn

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MONTHLY REPORTS

WHAT'S IN THE MONTHLY EDITION: DECEMBER 2025

Investigation

Deciphering of Narita Land "Cost Sheet"

Hidden scheme behind the missing 150 billion yen revealed

Problems, including the suspension of distribution payments, continue for real estate crowdfunding platform “Minnade Oyasan.” Their fate lies in the hands of the Narita Project, which had attracted investments in excess of 150 billion yen [$950 million]. Based on the “cost sheet” obtained by Nikkei Real Estate Market Report, the land appraisal value at the funds was up to 125 times the purchase prices. Various suspicious transactions, including the use of a scheme known as “santame” or third-party beneficiary transactions, were conducted to transfer gains on resale to an unregulated group company have come to light one after another.

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DATA

Transaction Data

73 Transactions Data - Up to May, 2009

103 Transactions Data - Up to April, 2009

74 Transactions Data - Up to March, 2009

81 Transactions Data - Up to February, 2009

3360 Transactions Data - Up to January, 2009 ( CSV only )