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TOP STORY

Frontier REIT to acquire three properties for Y21.4bn

Frontier REIT to acquire three properties for Y21.4bn

REIT Frontier, which is affiliated with Mitsui Fudosan, concluded sale and purchase agreements for the acquisition of three retail facilities in Osaka and Okinawa.

Japan Excellent REIT sells Sendai office building

Japan Excellent REIT sells Sendai office building

Cosmos Initia to construct extended-stay hotel in Osaka’s Namba

Cosmos Initia to construct extended-stay hotel in Osaka’s Namba

Mitsui’s logistics REIT to acquire four logistics properties

Mitsui’s logistics REIT to acquire four logistics properties

KDX Realty REIT to acquire retail facility and logistics facility

KDX Realty REIT to acquire retail facility and logistics facility

NTT to relocate to NTT Hibiya Tower in 2031

NTT to relocate to NTT Hibiya Tower in 2031

LATEST NEWS

Sekisui House sticks with goal of building 20,000 US homes a year: CEO

Sekisui House sticks with goal of building 20,000 US homes a year: CEO

Frontier REIT to acquire three properties for Y21.4bn

Frontier REIT to acquire three properties for Y21.4bn

Japan Excellent REIT sells Sendai office building

Japan Excellent REIT sells Sendai office building

Hankyu Hanshin Properties secures apartment development site in Bunkyo-ku

Hankyu Hanshin Properties secures apartment development site in Bunkyo-ku

Cosmos Initia to construct extended-stay hotel in Osaka’s Namba

Cosmos Initia to construct extended-stay hotel in Osaka’s Namba

NTT UD REIT acquiring Osaka rental apartment building

NTT UD REIT acquiring Osaka rental apartment building

NTT to relocate to NTT Hibiya Tower in 2031

NTT to relocate to NTT Hibiya Tower in 2031

Mitsui’s logistics REIT to acquire four logistics properties

Mitsui’s logistics REIT to acquire four logistics properties

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EDITORS' PICK

Hong Kong’s Weave forms core plus fund with MUFG

Hong Kong’s Weave forms core plus fund with MUFG

Hong Kong’s Weave Living has formed Weave Living Japan Multi-Family Domestic Vehicle 1 (WLJMFDV 1), which is Weave’s first fund for domestic investors, with Mitsubishi UFJ Financial Group (MUFG) as an anchor investor.

Mori Trust spends $540m on New York's 35 Hudson Yards building

Mori Trust spends $540m on New York's 35 Hudson Yards building

Activist Palliser proposes that Japan Post carve out real estate holdings

Activist Palliser proposes that Japan Post carve out real estate holdings

Megmilk Snow Brand to sell head office building for Y23.6bn

Brewer Sapporo ends exclusive talks with KKR-PAG over property unit sale

Brewer Sapporo ends exclusive talks with KKR-PAG over property unit sale

Nissan Motor to sell Yokohama headquarters for Y97bn

Nissan Motor to sell Yokohama headquarters for Y97bn

NCS RE Capital forms Y11.1bn fund investing in new apartments

NCS RE Capital forms Y11.1bn fund investing in new apartments

Mitsubishi joins US data center race with $15bn build-up

Mitsubishi joins US data center race with $15bn build-up

Blackstone sees no major issue in Japan's move to tighten M&A screening

Blackstone sees no major issue in Japan's move to tighten M&A screening

Fujitsu sells former base site in Osaka Business Park

Fujitsu sells former base site in Osaka Business Park

MOST READ

KDX Realty REIT to acquire retail facility and logistics facility

Mitsui’s logistics REIT to acquire four logistics properties

NTT to relocate to NTT Hibiya Tower in 2031

NTT UD REIT acquiring Osaka rental apartment building

Japan to tighten rules for foreign corporations buying large plots

Tokyo Tatemono joins Bangkok luxury condominium development project

Itochu developing apartment building with retail spaces in Chuo-ku

Sekisui House REIT to shuffle assets worth Y55.2bn

Daiichi Realtor developing hotel in Osaka

Two developers participate in San Diego student housing project

Tokyo Gas developing apartment with workspaces in Nihombashi-Hamacho

Samty Residential to shuffle four properties

Hakuto moving from owned building to Yotsuya Tower

Sekisui House REIT to shuffle assets worth Y55.2bn

JA Mitsui Leasing Tatemono to construct hotel in Hommachi, Osaka

Japan to tighten rules for foreign corporations buying large plots

One REIT to swap Kyoto hotel and office building

A.D. Works acquires building close to Shimbashi Station

REIT MAF to reshuffle assets, trading with sponsor group

SCS acquires office building in Kyobashi, Chuo-ku

Mitsubishi Corp. to build 2 logistics centers in Indonesia

Sumitomo Corp. purchases Nihombashi-Tomizawacho office building

Tosei purchases office building in Chuo-ku

Nihonkeiei Group acquires office building in Shiba-Daimon, Minato-ku

Mori Trust partly acquires high-rise building in New York, U.S.

Mantomi acquires retail building along Ginza Chuo-dori Street

JPR to replace assets worth Y41.4bn in total

Marubeni Private REIT acquires Nihombashi-Kabutocho hotel

Apparel company Daidoh Limited to relocate from Soto-Kanda to Shinagawa

Oji Real Estate to sell Aoyama properties for Y19.9bn gain

Deciphering of Narita Land

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.

Case Study | Under Construction Survey | Market Knowledge | Deals Roundup | Relocation Update | News Digest

TRENDS

Tokyo Tatemono joins Bangkok luxury condominium development project

Tokyo Tatemono joins Bangkok luxury condominium development project

Two developers participate in San Diego student housing project

Meitetsu sets Nagoya Station area redevelopment schedule as “undetermined”

Mori Trust partly acquires high-rise building in New York, U.S.

Inside Minnade Oyasan’s “Narita Land Lease Issue” unexpected end

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DEALS

Frontier REIT to acquire three properties for Y21.4bn

Frontier REIT to acquire three properties for Y21.4bn

Japan Excellent REIT sells Sendai office building

Hankyu Hanshin Properties secures apartment development site in Bunkyo-ku

NTT UD REIT acquiring Osaka rental apartment building

Mitsui’s logistics REIT to acquire four logistics properties

MORE

PROJECTS

Hankyu Hanshin Properties secures apartment development site in Bunkyo-ku

Hankyu Hanshin Properties secures apartment development site in Bunkyo-ku

Cosmos Initia to construct extended-stay hotel in Osaka’s Namba

Daiichi Realtor developing hotel in Osaka

Itochu developing apartment building with retail spaces in Chuo-ku

Daiwa House to construct 36-unit rental apartment in Shibaura

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TENANTS

NTT to relocate to NTT Hibiya Tower in 2031

NTT to relocate to NTT Hibiya Tower in 2031

Omron affiliate concentrating three offices into Tokyo Dia Building

Hakuto moving from owned building to Yotsuya Tower

Daiichi Life Marubeni Real Estate concentrating six companies into Toranomon Alcea Tower

Torii Pharmaceutical moving into Tokyo Mita South Tower

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STATS

20% of Companies Hold Idle Real Estate

20% of Companies Hold Idle Real Estate

Environmental Certification Costs

Office Demand Flows Outside

REIT AUMs Decrease in May

Record High Hotel Investment Market

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LOCAL

Frontier REIT to acquire three properties for Y21.4bn

Frontier REIT to acquire three properties for Y21.4bn

Japan Excellent REIT sells Sendai office building

NTT UD REIT acquiring Osaka rental apartment building

Mitsui’s logistics REIT to acquire four logistics properties

Daiichi Realtor developing hotel in Osaka

MORE

BUSINESS

Sekisui House sticks with goal of building 20,000 US homes a year: CEO

Sekisui House sticks with goal of building 20,000 US homes a year: CEO

Japan to tighten rules for foreign corporations buying large plots

Japan to tighten rules for foreign corporations buying large plots

Mitsubishi Corp. to build 2 logistics centers in Indonesia

Mitsubishi Corp. to build 2 logistics centers in Indonesia

Mori Trust spends $540m on New York's 35 Hudson Yards building

Mori Trust spends $540m on New York's 35 Hudson Yards building

Condo flipping surges in Tokyo as housing prices soar

Condo flipping surges in Tokyo as housing prices soar

Activist Palliser proposes that Japan Post carve out real estate holdings

Activist Palliser proposes that Japan Post carve out real estate holdings

MORE

DATA

Transaction Data

73 Transactions Data - Up to May, 2009

2009.6.25

103 Transactions Data - Up to April, 2009

2009.5.29

74 Transactions Data - Up to March, 2009

2009.4.30

81 Transactions Data - Up to February, 2009

2009.3.31

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

2010.1.7

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