Last Update: 05/06 2021 14:30 JST

Mitsubishi Estate makes $2bn push into US data centers

Mitsubishi Estate aims to build seven U.S. data centers near Washington by around the end of the decade at an estimated cost of 200 billion yen [$1.83 billion].

Industrial Fund selling data centers in Shinagawa and Zama

Industrial & Infrastructure Fund (IIF), a REIT affiliated with trading firm Mitsubishi Corporation, decided to sell two properties, which are data centers in Shinagawa-ku and Zama City, Kanagawa Prefecture.

Japan Metropolitan Fund to acquire private REIT investment units

Japan Metropolitan Fund will acquire the investment units of Nisshin Private Residential REIT (NSPR).

Mitsubishi to build on former Tohan headquarters site

Shinjuku-ku-based publication distributor and seller Tohan announced that it signed a basic agreement concerning effective use of the site of its current headquarters with Mitsubishi Estate, Mitsubishi Estate Residence, Mitsubishi Corporation Urban Development and Mitsubishi Real Estate Services, four companies all based in Chiyoda-ku.

Family office acquires additional Ginza land for development

Chiyoda-ku-based Onodera Office acquired 130 m2 of land in Ginza, Chuo-ku. Onodera Office is a family office of the representative of Onodera Group, which is involved in the food services and nursing care human resource business. It acquired...

ESR acquires data center in Osaka

ESR acquired a data center in Osaka City through a special purpose company. It plans to newly establish two data centers on vacant space on the site as well as redevelop the existing building after the termination of the current lease contract.



Past Monthly Reports
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Vacancy Nightmare to Be Avoided

Floor reductions due to telework, but forecast of limited impact
Due to the spread of telework, some companies have started to reduce leased office area. In order to investigate the impact on the rental office market, Nikkei Real Estate Market Report estimated the vacancy rate and advertised rent for the next three years with the cooperation of Commercial Property Research Institute. As a result, even the maximum vacancy rate will be 6.2%. Although the rent will be bearish, it seems that a significant fluctuation causing market congestion can be avoided.
Occupier Market | Deals Roundup | Relocation Update | News Digest

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