NIKKEI REAL ESTATE MARKET REPORT

Last Update: 06/11 2021 11:30 JST
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Germany’s Deka Immobilien acquires Osaka Dotonbori landmark

Germany’s Deka Immobilien acquired a retail building in Chuo-ku, Osaka City from trading firm Sumitomo Corporation. The price... ≫

Sapporo Real Estate to sell large building in Ebisu, Shibuya-ku

Shibuya-ku based Sapporo Real Estate, which is a subsidiary of Sapporo Holdings, will sell an office building in Ebisu, Shibuya-ku. The price is unknown, but a gain on sale of approximately 22 billion yen [$200 million] is scheduled to be recorded. ≫

Marubeni Private REIT acquires Setagaya-ku apartment from Cosmos Initia

Marubeni Private REIT acquired a rental apartment in Kinuta, Setagaya-ku. The seller was condominium developer Cosmos Initia. ≫

Vortex acquires Aoyama office and retail building

It has been revealed that Chiyoda-ku based real estate company Vortex acquired an office and retail building in Minami-Aoyama, Minato-ku. The seller was... ≫

Tokyu Land, Keikyu Corp to redevelop Sengakuji station district

Tokyu Land and railway operator Keikyu Corporation signed a basic agreement with the Tokyo Metropolitan Government concerning the Sengakuji Station District Category II Urban Redevelopment Project, which is a Tokyo city planning project. ≫

Sanbancho, Chiyoda-ku apartment building changes hands

Real estate company Ruf of Chiyoda-ku sold a rental apartment building in Sanbancho, Chiyoda-ku. ≫

LATEST NEWSMore

June 2021, Issue 143
Sapporo Real Estate to sell large building in Ebisu, Shibuya-ku
Mitsubishi to construct office, retail building in Nihombashi-Ningyocho
Sohgo Housing developing apartment building in Kamata, Ota-ku
Apartment building in Ikegami, Ota-ku sold
Yokohama office building changes hands
Germany’s Deka Immobilien acquires Osaka Dotonbori landmark
Daiwa House secures development site in Kachidoki, Chuo-ku
JA Mitsui Leasing starts operating warehouse in Takatsuki City, Osaka
Vortex acquires Aoyama office and retail building

WHAT'S IN THE MONTHLY REPORT: JUNE 2021

Past Monthly Reports
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Feature

Slew of Planned Projects

Development underway for 99 buildings, GFA of 10 million m2
A total of 99 large-scale office buildings, each with a gross floor area of at least 10,000 m2, are to be completed in the 23 wards of Tokyo in or after 2021 for an aggregate gross floor area reaching 10.08 million m2. In addition to the reconstruction of Imperial Hotel Tokyo, 24 projects were newly revealed over the past year. Many projects are scheduled to be implemented even after the peak of the supply of office buildings in 2025. ≫
Under Construction Survey | Market Knowledge | Deals Roundup | Relocation Update | News Digest

TRENDS

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Misawa Homes’ first overseas rental apartment complex near Denver
Sotetsu Hotel Development to open first Thailand hotel
Mitsubishi, Tokyo Century to fund U.S. data center development
Tokaido REIT to list in June with Y30.3bn AUM
Sotetsu, Mercuria Investment to join Thailand condominium development project
Invesco REIT and sponsor oppose TOB by Starwood
JR East establishes asset manager with eye on REIT
Japan Metropolitan Fund to acquire private REIT investment units
Sumitomo Forestry and others to develop Seattle suburb residences
Nippon Steel Kowa to enter student housing business

DEALS

More
Sapporo Real Estate to sell large building in Ebisu, Shibuya-ku
Apartment building in Ikegami, Ota-ku sold
Yokohama office building changes hands
Germany’s Deka Immobilien acquires Osaka Dotonbori landmark
Daiwa House secures development site in Kachidoki, Chuo-ku
Vortex acquires Aoyama office and retail building
Marubeni Private REIT acquires Setagaya-ku apartment from Cosmos Initia
Grit Partners acquires Nihombashi-Kobunacho building
Sanbancho, Chiyoda-ku apartment building changes hands
Ichigo subsidiary purchases new apartment building in Sugamo, Toshima-ku

PROJECTS

More
Mitsubishi to construct office, retail building in Nihombashi-Ningyocho
Sohgo Housing developing apartment building in Kamata, Ota-ku
Daiwa House secures development site in Kachidoki, Chuo-ku
JA Mitsui Leasing starts operating warehouse in Takatsuki City, Osaka
Tokyu Land, Keikyu Corp to redevelop Sengakuji station district
Shinko Real Estate developing 52,000 m2 warehouse in Osaka
Sunwood developing retail and office building in Akasaka
Kanda Miyuki Building to be reconstructed
Mitsubishi developing rental apartment in Bunkyo-ku
Open House developing condominium in Kichijoji

TENANTS

More
PR agency moving to Akasaka Intercity to expand office
Uhuru moving to WeWork in Kamiyacho Trust Tower
Website operator relocating to Tsukiji Shochiku Building to expand office
Conexio concentrating offices to Kamiyacho Trust Tower
Bitkey moving out of WeWork in Tokyo Square Garden
Sumitomo Dainippon Pharma to rent space at Tokyo Nihombashi Tower
Kuraray moving into Tokiwabashi Tower completed in June
PC Depot moving to newly constructed Yokohama Gate Tower
JICQA to move to Sumitomo Irifune Building
Digital Agency to rent 2,000 tsubos in Kioi Tower

STATS

More
Japan drops two ranks to 16th in RE transparency: JLL
COVID-19 affects asset types differently: Daiwa Real Estate Appraisal
BOJ survey indicates business conditions declining due to coronavirus
Loans to real estate exceed Y100tn for first time
Loans to real estate reach Y99tn as capital demand remains avid
Loans for individuals decreased 20% and for real estate reach turning point
J-REIT market exceeds Y20tn: ARES
No celebration despite Japan rising to 14th in RE transparency: JLL
Loans to real estate hits highest ever at Y97tn; momentum likely to peak out
Loans to real estate continues to increase, balance at almost Y95tn

NIKKEI.com

More
Japan pushes solar panel mandate for new public buildings
Goldman to double Japan property investments to over $2bn a year
Galaxy Entertainment pulls out of Yokohama casino resort project
Mitsubishi Estate makes $2bn push into US data centers
Oyo's Japan unit sells long-suffering residential business
Japan's K-shaped recovery emerges in home prices amid COVID crisis
Hoshino Resorts leaves mountains for the city in post-COVID era
Why tiny buildings are big in Japan
Shuttered Japanese inn reopens as modern art masterpiece
Mitsubishi to sell Nagoya high-rise to Canada's BGO

Most Read Articles

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Germany’s Deka Immobilien acquires Osaka Dotonbori landmark
Sapporo Real Estate to sell large building in Ebisu, Shibuya-ku
Genkai Capital invests in India condominium projects
GreenOak acquires 24,000 m2 GFA office building in Kojimachi, Chiyoda-ku
Yokohama office building changes hands
Kozo Hiratani to oversee Japan business of Grosvenor
NTT UD REIT selling Hirakawacho apartment building
Tokyu Land, Keikyu Corp to redevelop Sengakuji station district
Vortex acquires Aoyama office and retail building
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Latest NewsView all

June 2021, Issue 143
Sapporo Real Estate to sell large building in Ebisu, Shibuya-ku
Mitsubishi to construct office, retail building in Nihombashi-Ningyocho
Sohgo Housing developing apartment building in Kamata, Ota-ku
Apartment building in Ikegami, Ota-ku sold
Yokohama office building changes hands
Germany’s Deka Immobilien acquires Osaka Dotonbori landmark
Daiwa House secures development site in Kachidoki, Chuo-ku
JA Mitsui Leasing starts operating warehouse in Takatsuki City, Osaka
Vortex acquires Aoyama office and retail building

Editors' Pick

Germany’s Deka Immobilien acquires Osaka Dotonbori landmark
Singaporean REIT to acquire Hewlett-Packard Japan HQ Building
Goldman to double Japan property investments to over $2bn a year
PGIM acquires office building in Toyocho, Koto-ku
Singapore's Digital Edge purchasing data center in Tokyo
Prologis developing fifth multi-tenant logistics facility in Kobe
Mori Trust to build 31,000 m2 GFA hotel and office in Akasaka
Mitsubishi, Tokyo Century to fund U.S. data center development
Tokyu Corp, LVMH group to redevelop flagship department store
Sotetsu, Mercuria Investment to join Thailand condominium development project
Mitsubishi and TBS developing high-rise buildings in Akasaka
LaSalle’s fund acquires ten properties for Y35bn

MORE SURVEYS AND ANALYSIS

CLOSING RENT SURVEY Our proprietary survey of closing rents for rental office buildings in Tokyo and Yokohama.
RETAIL RENT SURVEY Advertised rents and vacancies on major shopping streets in Ginza, Omotesando, Shinjuku, etc.
PROJECT MAP A map and list of the 100 large-scale office building development projects currently in progress in Tokyo.
OFFICE CAP RATES Quarterly cap rate survey on office building transactions, based on our proprietary estimation
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