Last Update: 07/26 2021 15:00 JST

Hong Kong’s Phoenix acquires Kyoto hotel

Hong Kong’s Phoenix Property Investors acquired a hotel in Nakagyo-ku, Kyoto City.

Nomura Master Fund to acquire leased site adjacent to Universal Studios Japan

REIT Nomura Real Estate Master Fund will acquire part of the leased site of Universal Citywalk Osaka in Konohana-ku, Osaka City. With this transaction, the REIT’s acquisition price based AUM will be approximately 1.07 trillion yen [$9.4 billion].

Fuyo General Lease acquires four apartments from Tokyo Tatemono

Fuyo General Lease acquired four apartment buildings from Tokyo Tatemono. Among the four properties acquired, the apartment building...

Nippon Life Insurance acquires Osaka warehouse from Orix

Nippon Life Insurance acquired a multi-tenant logistics facility in Hirakata City, Osaka Prefecture. The seller was Orix.

NYK Line, Mitsubishi developing 88,000 m2 GFA mixed-use building in Yokohama

Shipping company Nippon Yusen Kaisha (NYK Line) and Mitsubishi Estate will reconstruct two buildings in Kaigan-dori, Naka-ku, Yokohama City into a single building in one project. The new building will have 22 floors above ground and two below with approximately 88,600 m2 of gross floor area.

Sumitomo to construct 24,000 m2 GFA office building near Shinjuku Station

Sumitomo Realty & Development will proceed with tentatively-named Shinjuku Minamiguchi Project in Sendagaya, Shibuya-ku. It is a project to construct a large office building with an event hall, and construction will start in October 2021 with completion targeted for June 2024.

Seibu to sell hotels and leisure facilities for over $900m

Seibu Holdings is set to sell off some of its iconic hotel and leisure facilities for over 100 billion yen [$908 million], as the pandemic prompts the Japanese railway and hotel conglomerate to offload those assets to focus on their operation, multiple sources told Nikkei.



Past Monthly Reports
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Local Markets: Osaka

Betting on Demand Bounce

Investors not concerned even by signs of potential land price collapse
Having lost inbound consumption, a pillar of its economy in recent years, Osaka is under quasi-state of emergency declaration and its Minami area has fallen quiet, also losing domestic visitors. Despite this, some particularly opportunistic foreign funds have started acquiring hotels and retail facilities, predicting that demand will return. On the other hand, most office tenants are in a wait-and-see mood, so relocation and expansion are sluggish in the office market.
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