NIKKEI REAL ESTATE MARKET REPORT

Last Update: 09/17 2021 13:30 JST
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Japan Hotel REIT to sell Shinjuku hotel

Japan Hotel REIT, which is affiliated with Singapore’s SC Capital Partners, will sell a hotel in Nishi-Shinjuku, Shinjuku-ku. With this transaction, the REIT’s acquisition price-based AUM will become approximately 363.54 billion yen [$3.2 billion]. ≫

Daiwa Securities private REIT acquires apartment building in Shinjuku-ku

It has come to light that Daiwa Residential Private REIT purchased a rental apartment building in Nishi-Waseda, Shinjuku-ku. ≫

Fujitsu terminates leases for over 15,000 tsubos in Tokyo　

Fujitsu is reorganizing its offices, terminating office building tenancies one after another so that the total amount of terminated floor area, including that of group companies, is estimated to exceed 15,000 tsubos [49,600 m2] in Tokyo alone. Including offices in Kawasaki and Yokohama, over 20,000 tsubos [66,100 m2] has been terminated. ≫

Daiwa House to acquire 5,800m2 of Yokokawa, Sumida-ku land

Daiwa House Industry will acquire 5,821 m2 of land in Yokokawa, Sumida-ku. The price is... ≫

Nippon Steel Kowa to develop 200,000 m2 GFA warehouse in Itabashi-ku

Minato-ku based Nippon Steel Kowa Real Estate will develop a logistics facility in Funado, Itabashi-ku. It will be the company’s largest logistics facility with a gross floor area of more than 200,000 m2. Construction will start in 2023 with completion targeted for 2024. ≫

Tokyu Land purchases Ota-ku apartment building

Tokyu Land acquired a rental apartment building in Nishiminemachi, Ota-ku. The seller was... ≫

LATEST NEWSMore

Japan Hotel REIT to sell Shinjuku hotel
Misawa Homes, B-Lot sell apartment building in Osaka
Shinwa Real Estate acquires two adjacent Shin-Osaka apartment buildings
Mitsui Fudosan Residential sells Ikebukuro student dormitory
Daiwa House to acquire 5,800m2 of Yokokawa, Sumida-ku land
Daiwa Securities private REIT acquires apartment building in Shinjuku-ku
Fujitsu terminates leases for over 15,000 tsubos in Tokyo　
800 m2 of land in Osaka Chuo-ku traded
Nippon Steel Kowa to develop 200,000 m2 GFA warehouse in Itabashi-ku
Tokyu Land purchases Ota-ku apartment building

WHAT'S IN THE MONTHLY REPORT: SEPTEMBER 2021

Past Monthly Reports
cover image
Local Markets: Nagoya

Office Acquisitions Alive and Well

Major transactions continue amid rents trending downward
Office building acquisitions, particularly by foreign funds, are alive and well in central Nagoya, with one high-value transaction close to 50 billion yen [$440 million] closing successfully. On the other hand, office vacancies have increased and a downward trend is clear in the rental market. With no end to the coronavirus (Covid-19) pandemic in sight, some are starting to revise development plans. ≫
Under Construction Survey | Legislation | Market Knowledge | Deals Roundup | Relocation Update | News Digest

TRENDS

More
Kenedix forms residential fund for rental detached housing
Es-Con to acquire Osaka real estate companies for Y29.8bn
Es-Con invests in value improvement project in Honolulu
UR to sell over 10,000m2 of land in Kawasaki
Mori Trust sells Silicon Valley building to KKR
Singaporean company becomes largest Tokyo Trust Capital shareholder
Mitsubishi reconstructing Yurakucho Building, Shin-Yurakucho Building
Successful tender by sponsor leads to Invesco Office J-REIT delisting
J1planning embarks on development business
Tokyo Tatemono to make Expert Office a subsidiary

DEALS

More
Japan Hotel REIT to sell Shinjuku hotel
Misawa Homes, B-Lot sell apartment building in Osaka
Shinwa Real Estate acquires two adjacent Shin-Osaka apartment buildings
Mitsui Fudosan Residential sells Ikebukuro student dormitory
Daiwa House to acquire 5,800m2 of Yokokawa, Sumida-ku land
Daiwa Securities private REIT acquires apartment building in Shinjuku-ku
800 m2 of land in Osaka Chuo-ku traded
Nippon Steel Kowa to develop 200,000 m2 GFA warehouse in Itabashi-ku
Tokyu Land purchases Ota-ku apartment building
Daiwa House sells land near Tsukishima Station in Chuo-ku

PROJECTS

More
Nippon Steel Kowa to develop 200,000 m2 GFA warehouse in Itabashi-ku
Daiwa House sells land near Tsukishima Station in Chuo-ku
Sumitomo Corp to develop mixed-use building in Ikebukuro
Hotel development planned in Tomigaya, Shibuya-ku
Shin-Nihon Tatemono developing studio apartment building in Ota-ku
TOC Building reconstructed to 276,000 m2 GFA mixed-use building
CenterPoint starts constructing 30,000 m2 GFA warehouse in Osaka
Daiwa House developing retail, office building in Roppongi
Open House acquires office building in Koiwa, Edogawa-ku
Syla developing condominium in Toyo, Koto-ku

TENANTS

More
Fujitsu terminates leases for over 15,000 tsubos in Tokyo　
Software developer moving Tokyo HQ to Tamachi Square
Tete Marche moving to Orix Meguro Building, doubling office space
Kawada Technosystem moving to JR Kanda Manseibashi Building
Sony Lifecare relocating from Shibuya to Kawasaki
Chic Holdings moving to KDX Iidabashi Square
Toden Real Estate to rent Riviera Minami-Aoyama Building space
Energy company EF-ON relocating to Gran Tokyo South Tower
System developer Climb moving Tokyo office to Tokiwabashi Tower
JFE Shoji group moving to Shin-Otemachi Building

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
Amazon and Mitsubishi to set up 450 solar power plants in Japan
Remote work lifts demand in Japan for bigger residences
Hotel Okura to bring luxury resort touches to Shanghai
Osaka races Tokyo to open Japan's first Waldorf Astoria
Kansai airport makeover 'necessary' for inbound tourism: operator
Japan radar and missile sites among 600 areas eyed for investment curbs
Hong Kong property group ESR to buy rival ARA for $5.2bn
In spectator-less Olympics, hotel bust drives retail boom
Seibu to sell hotels and leisure facilities for over $900m
Mitsui & Co. to invest $2.7bn to develop data centers in Japan by 2026

Most Read Articles

Today
Weekly
Monthly
Japan Hotel REIT to sell Shinjuku hotel
AirTrunk, Daiwa House jointly developing Japan’s largest class data center
Fujitsu terminates leases for over 15,000 tsubos in Tokyo　
Mitsui’s logistics REIT to acquire data center in Inzai City, Chiba
Lendlease to build 60,000m2 GFA data center
Daiwa Securities Living REIT to acquire six properties for Y13.3bn
Retail and office building in Shibuya-ku changed hands
Daiwa Securities private REIT acquires apartment building in Shinjuku-ku
Misawa Homes, B-Lot sell apartment building in Osaka
Atrium acquires office-retail building in Omotesando
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Latest NewsView all

Japan Hotel REIT to sell Shinjuku hotel
Misawa Homes, B-Lot sell apartment building in Osaka
Shinwa Real Estate acquires two adjacent Shin-Osaka apartment buildings
Mitsui Fudosan Residential sells Ikebukuro student dormitory
Daiwa House to acquire 5,800m2 of Yokokawa, Sumida-ku land
Daiwa Securities private REIT acquires apartment building in Shinjuku-ku
Fujitsu terminates leases for over 15,000 tsubos in Tokyo　
800 m2 of land in Osaka Chuo-ku traded
Nippon Steel Kowa to develop 200,000 m2 GFA warehouse in Itabashi-ku
Tokyu Land purchases Ota-ku apartment building

Editors' Pick

Myria Residential acquires four apartment buildings in Tokyo
Blackstone acquires two buildings through transfer of shares
Lendlease to build 60,000m2 GFA data center
Mitsubishi and Goko develops office building with balconies in Aoyama
Frasers Hospitality developing hotel in Shimbashi
Goodman developing 176,000m2 GFA logistics facility in Joso City, Ibaraki
Hotel Okura to bring luxury resort touches to Shanghai
Nikkei, Daiwa House developing mixed-use facility near Osaka Castle
CBRE GI to build Ibaraki and Chiba logistics facilities
Es-Con invests in value improvement project in Honolulu
Osaka races Tokyo to open Japan's first Waldorf Astoria
Japan radar and missile sites among 600 areas eyed for investment curbs
Mori Trust sells Silicon Valley building to KKR
Singaporean company becomes largest Tokyo Trust Capital shareholder

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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