Tokaido REIT to list in June with Y30.3bn AUM
Tokaido REIT obtained approval for listing from the Tokyo Stock Exchange on May 14. As the name implies, this REIT will invest heavily in the Tokaido region, especially in industrial region centered on Shizuoka (Shizuoka, Aichi and Mie prefectures). The REIT will be listed... ≫
Daiwa House to develop rental apartment in Ueno
Daiwa House Industry will construct a rental apartment in Higashi-Ueno, Taito-ku. Completion is targeted for April 2023. ≫
Ube, Mitsubishi Material formed company leasing at Iino Building
A new company established through the integration of the cement business divisions of Ube Industries and Mitsubishi Material will locate its headquarters in Iino Building in Uchisaiwaicho, Chiyoda-ku. ≫
Tokyu Corp, LVMH group to redevelop flagship department store
Tokyu Corporation, Tokyu Department Store and L Catterton Real Estate agreed to demolish the Tokyu Department Store Honten Store (main store) in Shibuya and develop a new facility. Demolition of the main store’s building will start in spring 2023 or after. ≫
Mitsubishi and TBS developing high-rise buildings in Akasaka
Mitsubishi Estate and Tokyo Broadcasting System Holdings (TBS) will construct two high-rise buildings with 221,000 m2 of aggregate gross floor area. Construction will start in fiscal 2022, with completion and start of use targeted for fiscal 2028. ≫
Sotetsu, Mercuria Investment to join Thailand condominium development project
Yokohama City based Sotetsu Real Estate, which is a unit of the Sotetsu Group, and Chiyoda-ku based Mercuria Investment will participate in a for-sale condominium development project in Bangkok, Thailand. ≫
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WHAT'S IN THE MONTHLY REPORT: MAY 2021
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