MUFG Private REIT acquires large building in Minato-Mirai

MUFG Private REIT acquired 20% of the quasi co-ownership to an office building in Minato-Mirai, Nishi-ku, Yokohama City. The seller was...

Bridgestone returning 4,500 m2 in Tokyo Nihombashi Tower

Tire maker Bridgestone will return its office in Tokyo Nihombashi Tower in Nihombashi, Chuo-ku, as part of efforts to reconstruct its bases according to its workstyle reform. Approximately 4,500 m2 of floor area will be returned.

GLP Japan to develop two logistics facilities in Hiratsuka City

Minato-ku based GLP Japan will develop GLP Hiratsuka II and GLP Hiratsuka III in the Twin City Okami Land Readjustment Project District in Hiratsuka City, Kanagawa Prefecture.

Daiichi Realter disposes hotel in Asakusa vicinity

Minato-ku's Daiichi Realter sold an extended-stay hotel in Kotobuki, Taito-ku.

GPIF’s real estate investment reaches Y770bn

The total market value of real estate investment by independent administrative institution Government Pension Investment Fund (GPIF), which manages the public pension fund, reached 773.1 billion yen [$5.6 billion] as of the end of March 2022, an increase of 228.4 billion yen [$1.6 billion] year-on-year.

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.

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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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