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Kousai Kaikan to be reconstructed to 36,400 m2 GFA building

Public interest incorporated foundation Tetsudou Kousaikai of Bunkyo-ku will reconstruct Kousai Kaikan Building in Kojimachi, Chiyoda-ku. ≫

Kasumigaseki Capital, Mitsubishi HC Capital jointly developing logistic facilities

Kasumigaseki Capital and Mitsubishi HC Capital concluded a joint venture agreement regarding logistics facility development projects. The two companies aim to develop logistics facilities with a total project cost of 200 billion yen [$1.7 billion] over the next three years. ≫

Dai-ichi Life acquires office floors of Italian Cultural Institute

Dai-ichi Life Insurance acquired office floors of Italian Cultural Institute Building, a mixed-use facility in Kudan-Minami, Chiyoda-ku. The seller appears to be... ≫

Loan balance to real estate industry reaches record Y112tn

The balance of outstanding loans granted by domestic financial institutions (banks, credit unions, governmental financial institutions, etc.) to the private-sector real estate industry reached 112 trillion yen [$960 billion] (Figure 1) as of September 2021. Results compiled by Nikkei Real Estate Market Report based on data announced by the Bank of Japan (BOJ) showed... ≫

Japan Excellent REIT to acquire building in Sapporo

REIT Japan Excellent, which is affiliated with Minato-ku based Nippon Steel Kowa Real Estate, will acquire part of a mixed-use building in Chuo-ku, Sapporo City. With this transaction, the REIT’s acquisition price based AUM will be approximately 286.61 billion yen [$2.5 billion]. ≫

Mitsubishi Corp developing logistics facility in Suita City, Osaka

Chiyoda-ku's Mitsubishi Corporation Urban Development (MCUD) acquired 36,139 m2 of land in Suita City, Osaka Prefecture. The company and Sankei Building will jointly develop a multi-tenant logistics facility on the land. ≫

Phoenix to conduct large-scale renovation of Shinsaibashi office building

Phoenix Property Investors of Hong Kong acquired an office and retail building in Chuo-ku, Osaka City. The company is expanding its investment in Japan, and it has been revealed that it acquired Hotel Resol Kyoto Kawaramachi Sanjo in Nakagyo-ku, Kyoto City in May 2021. ≫

LATEST NEWSMore

Kasumigaseki Capital, Mitsubishi HC Capital jointly developing logistic facilities 11.30.2021

Dai-Ichi Building, Sohgo Housing moving to Art Village Osaki 11.30.2021

Kousai Kaikan to be reconstructed to 36,400 m2 GFA building 11.30.2021

Apparel company Tokyo Soir sells Jingumae retail building 11.30.2021

Wintel Estate acquires office and residential building in Edogawa-ku 11.30.2021

Loan balance to real estate industry reaches record Y112tn 11.29.2021

Japan Excellent REIT to acquire building in Sapporo 11.29.2021

Dai-ichi Life acquires office floors of Italian Cultural Institute 11.29.2021

Hamamatsu Photonics relocating Tokyo Sales Office to Tokiwabashi Tower 11.29.2021

Converse Japan leasing Jingumae building in its entirety 11.29.2021

Area in Focus: Ginza

Unseen Level of Store Vacancies

Luxury brands opening stores, but transactions at all-time low

Ginza is finally starting to see the light of day after Covid-19. Luxury brands are increasing demand to open stores on high streets like Chuo-dori Street and Harumi-dori Street, and the retail rental market is showing signs of improvement. On the other hand, there are fewer properties for sale than ever before and conclusion of transactions have become even less frequent, resulting in the number of sales transactions reached a record low as surveyed by the Nikkei Real Estate Market Report. ≫