NIKKEI REAL ESTATE MARKET REPORT

Last Update: 01/22 2021 12:00 JST
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Prologis REIT to acquire three properties for Y62.2bn

Nippon Prologis REIT will acquire three logistics facilities. The sale contract was concluded on January 20 for a total acquisition price of 62.2 billion yen [$590 million]. ≫

Nippon Life Private REIT acquires two apartment buildings

Nippon Life Private REIT acquired two rental apartments, one in Nakano-ku, Tokyo and one in Nakahara-ku, Kawasaki City. The company is a diversified private REIT operated by Chuo-ku based Nippon Life Realty Management. It owns 23 properties as of December 2020. ≫

Ad agency Dentsu weighs sale of Tokyo HQ in $3bn megadeal

Advertising agency Dentsu Group will consider selling its headquarters in central Tokyo in a deal possibly worth around 300 billion yen [$2.9 billion], which would mark one of the largest property sales ever in Japan. ≫

B-Lot sells apartment in Ginza

Real estate company B-Lot sold a rental apartment building in Ginza, Chuo-ku. The buyers were... ≫

AXA acquires rental residences in Tokyo for Y70bn

AXA Investment Managers acquired a cluster of large-scale rental residence buildings in Chuo-ku’s Okawabata district. The seller was... ≫

GIC acquires two buildings around Ningyocho, Chuo-ku

SST West TMK, a special purpose company affiliated with Singaporean sovereign wealth fund GIC, acquired two building in Chuo-ku, Tokyo. The seller was... ≫

LATEST NEWSMore

Prologis REIT to acquire three properties for Y62.2bn
Chiba company developing hotel in Kanda vicinity
Tsukiji Hongwanji developing mixed-use building in Tsukishima, Chuo-ku
Nippon Life Private REIT acquires two apartment buildings
Major aerial survey company to lease all of Meguro Knowledge Plaza
Ad agency Dentsu weighs sale of Tokyo HQ in $3bn megadeal
Sanwa reconstructing building in Shibuya
B-Lot sells apartment in Ginza
Global Link Management sells Nishi-Azabu land
Fujita constructing 3,000 m2 GFA building in Shiba-Daimon, Minato-ku

WHAT'S IN THE MONTHLY REPORT: JANUARY 2021

Past Monthly Reports
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Local Markets: Fukuoka

Deregulation for Regeneration

City grants more FAR, pushes developers to design 'corona-free' buildings
While the spread of the coronavirus (Covid-19) infection is having an impact on the economies across Japan, a new initiative that induces building developments resistant to viruses was launched in Fukuoka City. The city aims to realize a "city prepared for infectious diseases," and to use it as an incentive for the attraction of new businesses. Investment needs in real estate in Fukuoka remains high even amid the Covid-19 crisis. Especially, moves to develop logistics facilities are becoming active and the investment areas are expanding. ≫
Analyst Survey | Market Knowledge | Deals Roundup | Relocation Update | News Digest

TRENDS

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GLP fund to increase AUM by $2.8bn through second close
Samty to build high-rise residences in Vietnam for Y35bn
Open call started for Minato Mirai Block 52 developers
Mitsui to make TOB for Tokyo Dome
Bridge C Capital renovating hostel closed due to Covid-19
Two NTT Urban subsidiary asset managers to merge
Sumitomo Mitsui Finance to make up to Y132bn TOB for Kenedix
Mitsubishi starts constructing office building in Barcelona
TIAA's real estate arm opens base in Tokyo
Aqua Resort to acquire Bestland aiming to expand business

DEALS

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Prologis REIT to acquire three properties for Y62.2bn
Nippon Life Private REIT acquires two apartment buildings
B-Lot sells apartment in Ginza
Global Link Management sells Nishi-Azabu land
Bridge C Capital developing apartment building in Bunkyo-ku
AXA acquires rental residences in Tokyo for Y70bn
Tsukiji, Chuo-ku land changes hands
Fukuoka’s Shibaura Group acquires apartment building in Meguro-ku
GIC acquires two buildings around Ningyocho, Chuo-ku
Heiwa acquires Nihombashi office building

PROJECTS

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Chiba company developing hotel in Kanda vicinity
Tsukiji Hongwanji developing mixed-use building in Tsukishima, Chuo-ku
Sanwa reconstructing building in Shibuya
Fujita constructing 3,000 m2 GFA building in Shiba-Daimon, Minato-ku
Bridge C Capital developing apartment building in Bunkyo-ku
Mitsubishi, New Urban Project developing Jimbocho mixed-use building
Daiwa House developing two logistics facilities in Okinawa
Atrium developing apartment building in Ueno
Mitsubishi to build office building for land use project
Nomura developing own brand retail facility in Mita, Minato-ku

TENANTS

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Major aerial survey company to lease all of Meguro Knowledge Plaza
Suzuden to occupy newly-built Sumitomo Fudosan Ochanomizu Building
Job listing site operator relocating to Shibuya Cross Tower
Online game developer to move to Midtown East
Fukuske relocating to Aomi Frontier Building
Protea Japan moving to newly-constructed Prime Terrace Kamiyacho
ValueCommerce subleasing floors leased by Yahoo in Kioi Tower
News app provider Gunosy moving to WeWork in Shibuya Scramble Square
Kubota reducing annual rent by Y300mn by concentrating Tokyo offices
Sailor Pen moving to Toranomon Towers

STATS

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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
Ad agency Dentsu weighs sale of Tokyo HQ in $3bn megadeal
Japan developers go green at Tokyo office buildings
Blackstone hires former Shinzo Abe adviser in Japan push
Investor PAG hunts for billion-dollar private equity deals in Japan
Blackstone snaps up $1bn in Japanese real estate
$1bn bid for Tokyo Dome planned by developer Mitsui Fudosan
Takashimaya chases new identity as developer, starting in Vietnam
Singapore's Mapletree plans $385mn logistics center in Japan
Philippines' plan to sell its Japanese real estate hits a wall
Blackstone zeroes in on Japan's affluent

Most Read Articles

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Prologis REIT to acquire three properties for Y62.2bn
Nippon Life Private REIT acquires two apartment buildings
GREATER TOKYO
GLP J-REIT sells Hiroshima logistics facility for Y2.9bn
Blackstone buys back residential portfolio of Anbang Insurance Group
Blackstone acquires four logistics facilities for Y55bn
Blackstone acquires 18 properties from PAG for Y110bn
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Latest NewsView all

Prologis REIT to acquire three properties for Y62.2bn
Chiba company developing hotel in Kanda vicinity
Tsukiji Hongwanji developing mixed-use building in Tsukishima, Chuo-ku
Nippon Life Private REIT acquires two apartment buildings
Major aerial survey company to lease all of Meguro Knowledge Plaza
Ad agency Dentsu weighs sale of Tokyo HQ in $3bn megadeal
Sanwa reconstructing building in Shibuya
B-Lot sells apartment in Ginza
Global Link Management sells Nishi-Azabu land
Fujita constructing 3,000 m2 GFA building in Shiba-Daimon, Minato-ku

Editors' Pick

Investor PAG hunts for billion-dollar private equity deals in Japan
Blackstone hires former Shinzo Abe adviser in Japan push
Blackstone acquires 18 properties from PAG for Y110bn
Tokyo to sell Ariake land to Konami and TV Asahi
Avex to sell Aoyama Headquarters to GreenOak
Samty to build high-rise residences in Vietnam for Y35bn
AXA acquires Tokyo data center for Y22bn
JR East constructing 260,000m2 GFA mixed-use facility in Shinagawa-ku
ESR to build 155,000m2 GFA logistics facility in Mie
JR Freight to build 174,000m2 GFA Shinagawa logistics facility
CapitaLand shifting from retail to logistics facilities
Shimizu sells hotel to Singaporean company
Hong Kong trading firm developing mixed-use building in Shiba, Minato-ku
Prologis to develop GFA 164,000m2 multi-tenant logistics facility

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 vacancy on major shopping streets in Ginza, Omotesando, Shinjuku, etc.
PROJECT MAP A map and list of the 160 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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