NIKKEI REAL ESTATE MARKET REPORT

Last Update: 06/18 2021 06:00 JST
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Tokyu Corp, SMFL Mirai Partners acquire Azabu serviced apartment

Tokyu Corporation and Chiyoda-ku-based SMFL Mirai Partners acquired a serviced apartment building in Higashi-Azabu, Minato-ku. ≫

Nomura to reconstruct long-established Ginza restaurant into office

Nomura Real Estate Development acquired a long-established ryotei Japanese restaurant in Ginza, Chuo-ku. The company is considering reconstructing it into an office building. ≫

Tokyu Corporation acquires office building in Jingumae, Shibuya-ku

Tokyu Corporation and special purpose company FST GK jointly acquired an office building in Jingumae, Shibuya-ku. The seller was beauty salon operator Taya. ≫

Samty sells two Kyoto hotels, eyeing incorporation into REIT

Samty sold two hotels, which are located in Shimogyo-ku, Kyoto City. The company is partially making silent partnership investments in a special purpose company and the buyer. It aims to form a hotel REIT, and plans to incorporate the two hotels into the REIT. ≫

Shimizu acquires central Ginza building

It has been revealed that general contractor Shimizu acquired a retail and office building in Ginza, Chuo-ku. The seller was... ≫

Blackstone acquires rental apartment building in Shinjuku-ku

It has come to light that Nikko Plus14 GK 13, a special purpose company affiliated with The Blackstone Group, purchased a rental apartment building in Hyakunincho, Shinjuku-ku. The seller was... ≫

LATEST NEWSMore

Yamasa moving Tokyo Office to Kokusai Hakozaki Building
Ardepro sells residential, retail building in Jingumae, Shibuya-ku
Tokyu Corp, SMFL Mirai Partners acquire Azabu serviced apartment
R.connect expanding office, relocating to Izumi Garden Tower
Ardepro acquires old building near Suidobashi Station in Chiyoda-ku
Tokyu Corporation acquires office building in Jingumae, Shibuya-ku
Nomura to reconstruct long-established Ginza restaurant into office
Japan restricts land deals near strategic assets
Aqua Resort sells three office buildings to individual
Hankyu Hanshin Properties acquires empty Yokohama 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

More
Singapore’s Genting consortium applied to Yokohama’s IR open call
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

DEALS

More
Ardepro sells residential, retail building in Jingumae, Shibuya-ku
Tokyu Corp, SMFL Mirai Partners acquire Azabu serviced apartment
Ardepro acquires old building near Suidobashi Station in Chiyoda-ku
Tokyu Corporation acquires office building in Jingumae, Shibuya-ku
Nomura to reconstruct long-established Ginza restaurant into office
Aqua Resort sells three office buildings to individual
Hankyu Hanshin Properties acquires empty Yokohama building
Samty sells two Kyoto hotels, eyeing incorporation into REIT
Sumitomo Corp to construct PREX series office in Shiba, Minato-ku
Shimizu acquires central Ginza building

PROJECTS

More
Sumitomo Corp to construct PREX series office in Shiba, Minato-ku
Mitsubishi developing rental office building in Shimbashi
Kasumigaseki Capital selling Funabashi development site to Brookfield
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

TENANTS

More
Yamasa moving Tokyo Office to Kokusai Hakozaki Building
R.connect expanding office, relocating to Izumi Garden Tower
Payment service provider moving to Spaces Shinagawa in Minato-ku
SMBC Trust Bank moving to SMBC building in Marunouchi
Lancers integrating subsidiary to Tokyu REIT Shibuya R Building
Imagica Group moving to newly constructed The Takeshiba Redevelopment
Exeo Japan moving to Yokohama Landmark Tower
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

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 restricts land deals near strategic assets
Genting Singapore-led group in running for Yokohama casino deal
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

Most Read Articles

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Nomura to reconstruct long-established Ginza restaurant into office
Tokyu Corporation acquires office building in Jingumae, Shibuya-ku
Ardepro acquires old building near Suidobashi Station in Chiyoda-ku
Japan restricts land deals near strategic assets
Samty sells two Kyoto hotels, eyeing incorporation into REIT
Aqua Resort sells three office buildings to individual
Toyo Tire consolidating Tokyo offices into Shinagawa Seaside
Hankyu Hanshin Properties acquires empty Yokohama building
Yamasa moving Tokyo Office to Kokusai Hakozaki Building
Payment service provider moving to Spaces Shinagawa in Minato-ku
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Latest NewsView all

Yamasa moving Tokyo Office to Kokusai Hakozaki Building
Ardepro sells residential, retail building in Jingumae, Shibuya-ku
Tokyu Corp, SMFL Mirai Partners acquire Azabu serviced apartment
R.connect expanding office, relocating to Izumi Garden Tower
Ardepro acquires old building near Suidobashi Station in Chiyoda-ku
Tokyu Corporation acquires office building in Jingumae, Shibuya-ku
Nomura to reconstruct long-established Ginza restaurant into office
Japan restricts land deals near strategic assets
Aqua Resort sells three office buildings to individual
Hankyu Hanshin Properties acquires empty Yokohama 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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