Last Update: 09/28 2021 13:30 JST

Taisei-Yuraku developing rental apartment in Setagaya-ku

Chuo-ku's Taisei-Yuraku Real Estate started construction of a rental apartment building in Okusawa, Setagaya-ku. Completion is targeted for October 2022.

FaithNetwork sells apartment building in Bunkyo-ku

Shibuya-ku apartment building developer FaithNetwork sold a rental apartment building in Koishikawa, Bunkyo-ku. The buyers were...

Dai-ichi Life to relocate Ginza office to Kioicho

Chiyoda-ku based Dai-ichi Life Insurance will relocate its office at Ginza Six in Ginza, Chuo-ku to Kioi Tower in Kioicho, Chiyoda-ku.

Two Nihombashi super high-rise buildings to be developed

Tokyu Land, Mitsui Fudosan and Nippon Steel Kowa Real Estate submitted a draft of the Nihomashi Itchome East District Urban Redevelopment Project to the Tokyo Metropolitan Government Urban Renaissance Subcommittee of the National Strategic Special Zone Team. The project calls for the construction of two super high-rise buildings and three small buildings for public and public utility facilities in the area to the east of Showa-dori Street in Nihombashi 1-chome.

Kenedix Retail REIT to acquire Fukuoka City retail facility

Kenedix Retail REIT will acquire a daily life-oriented retail facility in Chuo-ku, Fukuoka City. With this transaction, the REIT’s acquisition price-based AUM will become approximately 249.66 billion yen [$2.2 billion].

Mitsubishi developing office, retail building in Nihombashi-Yokoyamacho

Mitsubishi Estate will develop a mixed-use building consisting of office and retail floors in Nihombashi-Yokoyamacho, Chuo-ku. Construction will start in January 2022, with completion targeted for March 2023.

Ardepro acquires apartment in Kita-ku, Osaka City

Real estate company Ardepro acquired a rental apartment in Honjo-Nishi, Kita-ku, Osaka City.



Past Monthly Reports
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Local Markets: Nagoya

Office Acquisitions Alive and Well

Major transactions continue amid rents trending downward
Office building acquisitions, particularly by foreign funds, are alive and well in central Nagoya, with one high-value transaction close to 50 billion yen [$440 million] closing successfully. On the other hand, office vacancies have increased and a downward trend is clear in the rental market. With no end to the coronavirus (Covid-19) pandemic in sight, some are starting to revise development plans.
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