Last Update: 01/21 2022 17:00 JST

GLP Japan to develop its second Hiroshima logistics facility

Minato-ku based GLP Japan started the development of GLP Hiroshima II, which will be its second logistics facility in Hiroshima Prefecture. The company will invest approximately 10 billion yen [$85 million] as the total development cost.

List Development sells Shin-Yokohama building

Yokohama City's List Development sold an office building in Shin-Yokohama, Kohoku-ku, Yokohama City. The buyer was...

Healthcare & Medical REIT to acquire 10 properties for Y11.4bn

Healthcare & Medical REIT, the sponsors of which include Ship Healthcare Holdings and NEC Capital Solutions, will acquire 10 properties including fee-based elderly nursing homes for an approximate total of 11.44 billion yen [$97 million].

Hulic acquires new building in Azabu-Juban from Itochu

Hulic acquired a newly constructed building in Mita, Minato-ku from trading firm Itochu. Hulic will...

B-Lot sells apartment building in Meguro-ku

Real estate company B-Lot sold a rental apartment building in Meguro-Honcho, Meguro-ku. The buyer was...

Takara Leben REIT to sell three office buildings

REIT Takara Leben will sell three office buildings in Osaka City and Yamagata City. With these transactions, the REIT’s acquisition price-based AUM will be approximately 107.8 billion yen [$910 million].

CPPIB to invest in Japan with Mitsubishi Estate

Canada Pension Plan Investment Board (CPP Investments) will start investing in real estate in Japan in collaboration with the Mitsubishi Estate group. The initial equity is...



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Local Markets: Fukuoka

Office Market Still Strong

First Tenjin Big Bang property completed, signs of recovery in hotel investments
In Fukuoka, Tenjin Business Center, which is the first property in the redevelopment promotion project “Tenjin Big Bang,” was completed in September 2021. It realized the highest level of contracted rent among the office buildings in the city, which had an affect on the market rent of buildings in the surrounding area. As for transactions in the central area, the needs to acquire rental apartments are increasing and hotel investments, which remained sluggish for a long time, are also becoming active.
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