UR purchases hotel in Harumi, Chuo-ku
Independent administrative institution Urban Renaissance Agency (UR) acquired a hotel in Harumi, Chuo-ku. The seller was... ≫
IHI, Mitsubishi implementing 3rd joint project in Toyosu
Heavy machinery manufacturer IHI and Mitsubishi Estate will develop two buildings that mainly consist of office floors in Toyosu, Koto-ku. The project will be the third joint development project by the two companies, following Toyosu Front and Toyosu Foresia, both located in Toyosu. ≫
Japan Metropolitan Fund to acquire two properties for Y30bn
Japan Metropolitan Fund, which is a REIT affiliated with trading firm Mitsubishi Corporation, will acquire a mixed-use building of offices and residences in Kudan-Kita, Chiyoda-ku, and a store in Shinsaibashi-suji, Chuo-ku, Osaka City, on April 30 for a total of approximately 29.94 billion yen [$260 million]. ≫
LaSalle Logiport acquiring large Osaka Bay area facility for Y40bn
LaSalle Logiport REIT will acquire a large logistics facility in Nanko-Naka, Suminoe-ku, Osaka City for 40 billion yen [$350 million]. ≫
LG sells floors of Kyobashi Trust Tower for 27bn
Chuo-ku's LG Holdings Japan, the Japanese arm of South Korea's LG Group, sold four floors in Kyobashi Trust Tower, an office building in Kyobashi, Chuo-ku. The sales price was approximately 27.26 billion yen [$240 million]. LG Holdings Japan is currently constructing... ≫
PAG acquires large office building in Shin-Yokohama
TMK Sun, which appears to be a special purpose company affiliated with Minato-ku-based PAG Investment Management, acquired an office building in Shin-Yokohama, Kohoku-ku, Yokohama City. ≫
Diamond Realty Management creates separate account for Mizuho Leasing
Chiyoda-ku based Diamond Realty Management (DREAM), which is a subsidiary of trading firm Mitsubishi Corporation, created a separate account for Mizuho Leasing Company. It will invest in real estate development businesses in the U.S. ≫
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WHAT'S IN THE MONTHLY REPORT: APRIL 2021
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