Last Update: 10/22 2021 14:30 JST

Daiwa Office REIT to shuffle assets worth Y23.5bn

Daiwa Office, a REIT sponsored by the Daiwa Securities Group, will replace assets totaling approximately 23.48 billion yen [$210 million]. The REIT will acquire a development site in Kanda-Sudacho, Chiyoda-ku, and then the office building that will be developed there for an estimated land-building combined...

Takara Leben REIT to reshuffle Y6.6bn in assets

Takara Leben REIT decided to acquire a mixed-use building in Yokohama City and transfer office buildings in Osaka City and Nagano City. The total transaction price is approximately 6.68 billion yen [$58 million].

Former Hotel Grand Palace site to be redeveloped

Five companies, namely Hotel Grand Palace which is a hotel operator of Chiyoda-ku, Mitsubishi Estate, Mitsubishi Estate Residence of Chiyoda-ku, Hankyu Hanshin Properties of Osaka City and movie theater producer Toho, signed a basic agreement on the effective utilization plan for the former site of Hotel Grand Palace.

H2O Retailing gaining Y8.5bn from sale of land in Suita City

H2O Retailing, which has Hankyu Hanshin Department Stores and other subsidiaries under its umbrella, will sell 10,905 m2 of land, which is the site of a distribution center in Esakacho, Suita City, Osaka Prefecture. The company expects a profit of 8.5 billion yen [$74 million] from the sale.

Osaka Hommachi office building sold

It has come to light that an office property in Chuo-ku, Osaka City, was sold. The seller was...

MUFG Bank subsidiary moving out of Harumi Front

Mitsubishi UFJ Information Technology, which develops systems for MUFG Bank and other clients, will relocate its headquarters from Harumi Front in Harumi, Chuo-ku, according to sources. The company will return all of the building's office floors from the third floor to the 16th floor with an estimated floor area of 9,000 tsubos to 10,000 tsubos [29,800 m2 to 33,100 m2].

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WHAT'S IN THE MONTHLY REPORT: OCTOBER 2021

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Feature: Data Centers

Hyperscale Hotspots

Amazon, Google take up large-scale Tokyo metropolitan area facilities
Development of large-scale data centers centering on “hyperscale data centers,” which correspond to cloud services, are increasing rapidly in the Tokyo metropolitan area. In addition to Inzai City, Chiba Prefecture where sites can easily be secured due to the new town development and where electricity and communications infrastructures have been developed, the development areas are also expanding to Saitama City and the 23 wards of Tokyo.
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