Sanei Denki Kogyo acquires Shimbashi office building

Electrical construction and telecommunication engineering company Sanei Denki Kogyo of Shibuya-ku acquired an office property in Shimbashi, Minato-ku.

B-Lot sells retail and office building in Meguro-ku

B-Lot sold a retail and office building in Takaban, Meguro-ku.

Itochu’s private REIT launches with six properties worth Y14bn

Chiyoda-ku based Itochu REIT Management commenced management of REIT Advance Private, which is a private REIT. Its initial assets are six properties worth approximately 14 billion yen [$110 million].

First-Corporation sells apartment building in Ryogoku, Sumida-ku

Apartment building developer First-Corporation sold a rental apartment building in Ryogoku, Sumida-ku. The buyer was...

Goodman to acquire 460,000m2 of land in Tsukuba City

Chiyoda-ku based Goodman Japan will acquire 455,754 m2 of land in Oho, Tsukuba City, Ibaraki Prefecture. The price is approximately 11.03 billion yen [$84 million].

Japan REITs clouded by uncertainty over post-Kuroda BOJ

Foreign investors are starting to shun Japanese real estate investment trusts, bracing for a change in the ultraloose monetary policy that has underpinned the market as Bank of Japan Gov. Haruhiko Kuroda nears the end of his term in April.

Kyocera relocating to Tokyo Mita Redevelopment Project from 2023

Kyoto City based Kyocera, a major ceramics and electronics manufacturer, will sequentially relocate its Tokyo office to tentatively-named Tokyo Mita Redevelopment Project Office Tower, which is being constructed by Sumitomo Realty & Development, from spring 2023.

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WHAT'S IN THE MONTHLY REPORT: JUNE 2022

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Major Overhaul of Shinjuku Station Revealed

Large-scale development projects underway in Nihombashi and Shibuya
A total of 108 large-scale office buildings, each with a gross floor area of at least 10,000 m2, are to be completed in the 23 wards of Tokyo in or after 2022 for an aggregate gross floor area reaching 12.51 million m2. The number of plans for buildings that were newly identified from last year’s survey was 24. The number of projects expected to be completed in 2030 or after has also increased.
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