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IIF REIT to make investment in hyperscale data center

IIF REIT to make investment in hyperscale data center

Industrial & Infrastructure Fund (IIF), which is a REIT affiliated with KKR of the U.S., announced that it will acquire an equity interest in a silent partnership investment backed by a hyperscale data center in Tama City, Tokyo.

Daiichi Realtor sells Maihama hotel

Daiichi Realtor sells Maihama hotel

Sanko Asset Management developing hotel in Akihabara

Sanko Asset Management developing hotel in Akihabara

Hulic developing 8,700 m2 GFA hotel in Shinjuku

Hulic developing 8,700 m2 GFA hotel in Shinjuku

Orix JREIT to sell mixed-use building in Kagoshima for Y1.2bn

Orix JREIT to sell mixed-use building in Kagoshima for Y1.2bn

JMF to sell three apartments in Osaka for Y5.9bn

JMF to sell three apartments in Osaka for Y5.9bn

LATEST NEWS

Shionogi to move to Tamachi Station West Exit Area project

Shionogi to move to Tamachi Station West Exit Area project

Daiichi Realtor sells Maihama hotel

Daiichi Realtor sells Maihama hotel

IIF REIT to make investment in hyperscale data center

IIF REIT to make investment in hyperscale data center

Sanko Asset Management developing hotel in Akihabara

Sanko Asset Management developing hotel in Akihabara

UCB Japan to move into Meiji Yasuda Shinjuku Building

UCB Japan to move into Meiji Yasuda Shinjuku Building

Tokyu Land acquires apartment in Shibuya vicinity

Tokyu Land acquires apartment in Shibuya vicinity

Orix JREIT to sell mixed-use building in Kagoshima for Y1.2bn

Orix JREIT to sell mixed-use building in Kagoshima for Y1.2bn

NTT Urban acquires 121 m2 of land near Kanda Station

NTT Urban acquires 121 m2 of land near Kanda Station

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EDITORS' PICK

Japan Post Real Estate establishes AM company, Y10bn fund

Japan Post Real Estate establishes AM company, Y10bn fund

Japan Post Real Estate established Japan Post Real Estate Investment Management, which is an asset management company. The new company has set the achievement of an AUM of 50 billion yen [$310 million] by fiscal 2028 as its first target.

KKR sells domestic hotel portfolio with 3,468 guestrooms

KKR sells domestic hotel portfolio with 3,468 guestrooms

Hong Kong’s Weave completes exit of large Y55bn residential fund

Hong Kong’s Weave completes exit of large Y55bn residential fund

Tokyo Tatemono joins first Australian logistics fund

Tokyo Tatemono joins first Australian logistics fund

Brookfield invests more than Y100bn in Japan residences

Brookfield invests more than Y100bn in Japan residences

Hulic and peers spend $1.5bn on Tokyo office tower deal

Hulic and peers spend $1.5bn on Tokyo office tower deal

Japanese life insurers expand investments in property amid inflation

Japanese life insurers expand investments in property amid inflation

Keppel and its REIT to acquire two data centers in Inzai City, Chiba

Keppel and its REIT to acquire two data centers in Inzai City, Chiba

Kasumigaseki Capital sells site in Miami, U.S., to Japanese fund

Kasumigaseki Capital sells site in Miami, U.S., to Japanese fund

GLP Japan’s latest fund completes closing with investment exceeding Y600bn

GLP Japan’s latest fund completes closing with investment exceeding Y600bn

MOST READ

REIT KDX Kolet to list in November with Y91.9bn AUM

Goldman private REIT acquires Kami-Osaki office building

Masonic Foundation acquires Azabudai building

Hulic developing 8,700 m2 GFA hotel in Shinjuku

NTT Urban acquires 121 m2 of land near Kanda Station

Tokyu Land acquires apartment in Shibuya vicinity

Central Tokyo existing condo prices slip for 5th straight month

Orix JREIT to sell mixed-use building in Kagoshima for Y1.2bn

UCB Japan to move into Meiji Yasuda Shinjuku Building

JMF to sell three apartments in Osaka for Y5.9bn

Sankei Building and Tokyu Corporation pursue hotel projects in Shibuya

Daiwa House REIT to sell two BTS logistics facilities

Ardepro sells Shinsaibashi mixed-use building

Mitsubishi Estate Logistics REIT to sell Inzai facility for Y5.2bn

JR East acquires retail building near Takadanobaba Station

Chuo-Nittochi to conduct STO in Nishi-Funabashi and Shin-Osaka

Gojoiru acquires Otsuka office and retail building

Fukuoka REIT to conduct asset replacement and invest in Fukuoka facility

Tokyo area condo prices hit half-year record, but signs of slowdown emerge

JR East steps up rail-linked retail push in Singapore, Philippines

IHG to open premium hotels under new brand in Tokyo, marking first in Asia

Nochu JAML REIT acquires eight properties for over Y20bn

System developer Airu moving to Nihonbashi Nomura Mitsui Tower

Nomura developing PMO office building near Hamamatsucho Station

Samty Residential REIT selling apartment building in Nagoya

Mitsui Fudosan Retail Fund selling retail facility for Y3.9bn

JMF to acquire Shin-Yokohama office building for Y9.2bn

Integral’s fund acquires buildings in Sendai and Shibuya

Mirarth REIT acquires Nagoya apartment and sells Nishi-Oi property

Jinushi to sell leased retail store site for Y9bn

Castle in the Air

MONTHLY REPORTS

WHAT'S IN THE MONTHLY EDITION: OCTOBER 2026

Investigation

Castle in the Air

Tracing the origins of a 200 billion yen pipe dream of Minnade Oyasan

The castle tower featured in the pamphlet was never an investment target. A majority of investor money was siphoned out through third-party beneficiary transactions. The plan for an ultra-luxury hotel with stays priced at “5 million yen per night” dissipated without ever taking shape. The remaining funds evaporated into purchases of helicopters and bonsai plants. This article traces the transactions surrounding a theme park acquisition lauded as the “preparatory project” for the Narita development through data and sources close to the matter.

Case Study | Occupier Market | Market Knowledge | Deals Roundup | Relocation Update | News Digest

TRENDS

REIT KDX Kolet to list in November with Y91.9bn AUM

REIT KDX Kolet to list in November with Y91.9bn AUM

Dai-ichi Life affiliated REITs to merge, assets to reach Y300bn

Sumitomo Forestry and Chuo-Nittochi to build apartment near Los Angeles

Marubeni Asset Management launches fifth fund, cumulative AUM over Y100bn

Japan Post Real Estate establishes AM company, Y10bn fund

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DEALS

Daiichi Realtor sells Maihama hotel

Daiichi Realtor sells Maihama hotel

IIF REIT to make investment in hyperscale data center

Sanko Asset Management developing hotel in Akihabara

Tokyu Land acquires apartment in Shibuya vicinity

Orix JREIT to sell mixed-use building in Kagoshima for Y1.2bn

MORE

PROJECTS

Sanko Asset Management developing hotel in Akihabara

Sanko Asset Management developing hotel in Akihabara

Hulic developing 8,700 m2 GFA hotel in Shinjuku

Sankei Building and Tokyu Corporation pursue hotel projects in Shibuya

Kasumigaseki Capital developing hotel in Fukushima-ku, Osaka

NTT Urban to construct 2,400 m2 GFA office building in Shimbashi

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TENANTS

Shionogi to move to Tamachi Station West Exit Area project

Shionogi to move to Tamachi Station West Exit Area project

UCB Japan to move into Meiji Yasuda Shinjuku Building

System developer leasing two floors in Dogenzaka 2-Chome Project

ANA to relocate headquarters to Yaesu Core

SAP Japan to move from Otemachi to Blue Front Shibaura

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STATS

Record-High Expect “Rise” in Logistics Facility Rents

Record-High Expect “Rise” in Logistics Facility Rents

What Happens to Demolished Office Buildings?

More Expecting Downturn Phase in Six Months

Tokyo Office Rents to Rise 16% Over Next Five Years

Logistics Facility Vacancy Rate in Greater Tokyo Area Drops

MORE

LOCAL

IIF REIT to make investment in hyperscale data center

IIF REIT to make investment in hyperscale data center

Orix JREIT to sell mixed-use building in Kagoshima for Y1.2bn

Ccreb Advisors acquiring warehouse in Konan City, Shiga

JMF to sell three apartments in Osaka for Y5.9bn

Daiwa House REIT to sell two BTS logistics facilities

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BUSINESS

Central Tokyo existing condo prices slip for 5th straight month

Central Tokyo existing condo prices slip for 5th straight month

JR East steps up rail-linked retail push in Singapore, Philippines

JR East steps up rail-linked retail push in Singapore, Philippines

Tokyo area condo prices hit half-year record, but signs of slowdown emerge

Tokyo area condo prices hit half-year record, but signs of slowdown emerge

Japan's regional banks log record growth in property lending

Japan's regional banks log record growth in property lending

Investors wake up to Japan Post as shares surge 40% in 2026

Investors wake up to Japan Post as shares surge 40% in 2026

Singapore residence provider Ascott bets on Tokyo Station area

Singapore residence provider Ascott bets on Tokyo Station area

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DATA

Transaction Data

73 Transactions Data - Up to May, 2009

2009.6.25

103 Transactions Data - Up to April, 2009

2009.5.29

74 Transactions Data - Up to March, 2009

2009.4.30

81 Transactions Data - Up to February, 2009

2009.3.31

3360 Transactions Data - Up to January, 2009 ( CSV only )

2010.1.7

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