Last Update: 05/11 2021 06:00 JST

Naka-Ochiai, Shinjuku-ku apartment building sold

Real estate company Ruf of Chiyoda-ku sold a rental apartment building in Naka-Ochiai, Shinjuku-ku. The buyer was...

Sun Frontier sells office building in Tsukiji, Chuo-ku

Real estate company Sun Frontier Fudousan sold an office building in Tsukiji, Chuo-ku.

LaSalle’s fund acquires ten properties for Y35bn

LaSalle Japan Property Fund (LJPF), which is operated by LaSalle Investment Management, acquired a logistics facility in Osaka Prefecture and nine residences in Tokyo in March 2021. The total investment amount was approximately 35 billion yen [$310 million].

Invesco REIT and sponsor oppose TOB by Starwood

Invesco Office J-REIT announced that it opposes the take-over-bid (TOB) by the Starwood Capital Group. It also requested that its sponsor Invesco Group purchase additional investment units to compete with Starwood.

Hulic reconstructing Ginza office building

Hulic will reconstruct an office building in Ginza, Chuo-ku. Construction will start in November 2021, with completion targeted for August 2023.

DeNA to return over 4,600 tsubos of Shibuya Hikarie

DeNA, which is a mobile portal and e-commerce websites provider, will relocate its headquarters to WeWork in Shibuya Scramble Square, which is connected directly to JR Shibuya Station. DeNA’s headquarters are currently in Shibuya Hikarie. It moved in when the building was completed in 2012, renting the seven floors from the 20th through 26th floor, an estimated 4,690 tsubos [15,500 m2] but it will return all of them.

Samty acquires retail building in Nihombashi-Bakurocho

Real estate company Samty acquired a retail building in Nihombashi-Bakurocho, Chuo-ku. The seller was...



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Vacancy Nightmare to Be Avoided

Floor reductions due to telework, but forecast of limited impact
Due to the spread of telework, some companies have started to reduce leased office area. In order to investigate the impact on the rental office market, Nikkei Real Estate Market Report estimated the vacancy rate and advertised rent for the next three years with the cooperation of Commercial Property Research Institute. As a result, even the maximum vacancy rate will be 6.2%. Although the rent will be bearish, it seems that a significant fluctuation causing market congestion can be avoided.
Occupier Market | Deals Roundup | Relocation Update | News Digest

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