Last Update: 10/22 2026 15:50 JST

NIKKEI REAL ESTATE MARKET REPORT

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TOP STORY

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

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

Chuo-Nittochi Group will conduct a digital securitization through a real estate security token offering (STO) backed by two properties.

NEW
Fukuoka REIT to conduct asset replacement and invest in Fukuoka facility
DEALS

Fukuoka REIT to conduct asset replacement and invest in Fukuoka facility

NEW
Mitsui Fudosan Retail Fund acquiring Yokohama bayside outlet mall
DEALS

Mitsui Fudosan Retail Fund acquiring Yokohama bayside outlet mall

NEW
JR East acquires retail building near Takadanobaba Station
DEALS

JR East acquires retail building near Takadanobaba Station

NEW
Daiwa House REIT to sell two BTS logistics facilities
DEALS
LOCAL

Daiwa House REIT to sell two BTS logistics facilities

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

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

NEW

LATEST NEWS

Akihabara building changes hands from Hulic to SMTB Leasing
DEALS

Akihabara building changes hands from Hulic to SMTB Leasing

NEW
Mitsui Fudosan Retail Fund acquiring Yokohama bayside outlet mall
DEALS

Mitsui Fudosan Retail Fund acquiring Yokohama bayside outlet mall

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

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

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

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

NEW
Fukuoka REIT to conduct asset replacement and invest in Fukuoka facility
DEALS

Fukuoka REIT to conduct asset replacement and invest in Fukuoka facility

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

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

NEW
Gojoiru acquires Otsuka office and retail building
DEALS

Gojoiru acquires Otsuka office and retail building

NEW
JR East acquires retail building near Takadanobaba Station
DEALS

JR East acquires retail building near Takadanobaba Station

NEW
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EDITORS' PICK

Japan Post Real Estate establishes AM company, Y10bn fund
TRENDS

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
DEALS

KKR sells domestic hotel portfolio with 3,468 guestrooms
Hong Kong’s Weave completes exit of large Y55bn residential fund
TRENDS

Hong Kong’s Weave completes exit of large Y55bn residential fund
Tokyo Tatemono joins first Australian logistics fund
TRENDS

Tokyo Tatemono joins first Australian logistics fund
Brookfield invests more than Y100bn in Japan residences
DEALS

Brookfield invests more than Y100bn in Japan residences
Hulic and peers spend $1.5bn on Tokyo office tower deal
BUSINESS

Hulic and peers spend $1.5bn on Tokyo office tower deal
Japanese life insurers expand investments in property amid inflation
BUSINESS

Japanese life insurers expand investments in property amid inflation
Keppel and its REIT to acquire two data centers in Inzai City, Chiba
DEALS

Keppel and its REIT to acquire two data centers in Inzai City, Chiba
Kasumigaseki Capital sells site in Miami, U.S., to Japanese fund
TRENDS

Kasumigaseki Capital sells site in Miami, U.S., to Japanese fund
GLP Japan’s latest fund completes closing with investment exceeding Y600bn
TRENDS

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

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Weekly
Monthly

Daiwa House REIT to sell two BTS logistics facilities

Sankei Building and Tokyu Corporation pursue hotel projects in Shibuya

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

Ardepro sells Shinsaibashi mixed-use building

ANA to relocate headquarters to Yaesu Core

JPR acquiring interests in JA/Keidanren building for Y32.8bn

Kasumigaseki Capital developing hotel in Fukushima-ku, Osaka

Taisei-Yuraku acquires seminar facility near Meguro Station

Japan's regional banks log record growth in property lending

Totsu Tatemono to construct long-stay hotel in Tsukiji
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

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

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

Former Murakami Fund affiliate offers new TOB for Sankei REIT
MORE

DEALS

Akihabara building changes hands from Hulic to SMTB Leasing

Akihabara building changes hands from Hulic to SMTB Leasing

NEW

Mitsui Fudosan Retail Fund acquiring Yokohama bayside outlet mall

NEW

Fukuoka REIT to conduct asset replacement and invest in Fukuoka facility

NEW

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

NEW

Gojoiru acquires Otsuka office and retail building

NEW
MORE

PROJECTS

Sankei Building and Tokyu Corporation pursue hotel projects in Shibuya

Sankei Building and Tokyu Corporation pursue hotel projects in Shibuya

NEW

Kasumigaseki Capital developing hotel in Fukushima-ku, Osaka

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

Totsu Tatemono to construct long-stay hotel in Tsukiji

Nomura developing H1O office building in Namba, Osaka
MORE

TENANTS

ANA to relocate headquarters to Yaesu Core

ANA to relocate headquarters to Yaesu Core

SAP Japan to move from Otemachi to Blue Front Shibaura

BuySell to relocate to Shinjuku Nomura Building for office expansion

System developer Airu moving to Nihonbashi Nomura Mitsui Tower

Sanofi and Aichi Steel move into Tofrom Yaesu Tower
MORE

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

Daiwa House REIT to sell two BTS logistics facilities

Daiwa House REIT to sell two BTS logistics facilities

NEW

Ardepro sells Shinsaibashi mixed-use building

NEW

Kasumigaseki Capital developing hotel in Fukushima-ku, Osaka

Nomura developing H1O office building in Namba, Osaka

Columbia Works renovates Naha hotel
MORE

BUSINESS

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

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

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

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

NEW
Japan's regional banks log record growth in property lending
BUSINESS

Japan's regional banks log record growth in property lending
Investors wake up to Japan Post as shares surge 40% in 2026
BUSINESS

Investors wake up to Japan Post as shares surge 40% in 2026
Singapore residence provider Ascott bets on Tokyo Station area
BUSINESS

Singapore residence provider Ascott bets on Tokyo Station area
Investors bet on Japan, Australia rental housing as rates, home prices rise
BUSINESS

Investors bet on Japan, Australia rental housing as rates, home prices rise
MORE

DATA

Transaction Data

73 Transactions Data - Up to May, 2009

103 Transactions Data - Up to April, 2009

74 Transactions Data - Up to March, 2009

81 Transactions Data - Up to February, 2009

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

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