Last Update: 10/15 2026 06:00 JST

NIKKEI REAL ESTATE MARKET REPORT

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TOP STORY

Marubeni, Tokyu Corp developing mixed-use building near Naka-Meguro Station
PROJECTS

Marubeni, Tokyu Corp developing mixed-use building near Naka-Meguro Station

A new redevelopment project is set to begin immediately north of Naka-Meguro Station on the Tokyu Toyoko and subway lines.

NEW
Dai-ichi Life affiliated REITs to merge, assets to reach Y300bn
TRENDS

Dai-ichi Life affiliated REITs to merge, assets to reach Y300bn

NEW
SAP Japan to move from Otemachi to Blue Front Shibaura
TENANTS

SAP Japan to move from Otemachi to Blue Front Shibaura

NEW
Nishimatsu Construction acquires additional interest in Shin-Osaka office building
DEALS
LOCAL

Nishimatsu Construction acquires additional interest in Shin-Osaka office building

NEW
Taisei-Yuraku acquires new apartments in Taito-ku and Adachi-ku
DEALS

Taisei-Yuraku acquires new apartments in Taito-ku and Adachi-ku

NEW
Mitsubishi, Tokyu Land developing retail building on Jingumae corner lot
PROJECTS

Mitsubishi, Tokyu Land developing retail building on Jingumae corner lot

NEW

LATEST NEWS

PDM acquires Katsushika-ku apartment building
DEALS

PDM acquires Katsushika-ku apartment building

NEW
Nippon Steel Kowa secures hotel development site in Shinsaibashi
DEALS
LOCAL

Nippon Steel Kowa secures hotel development site in Shinsaibashi

NEW
City Homes developing retail building in Ikebukuro
PROJECTS
DEALS

City Homes developing retail building in Ikebukuro

NEW
Marubeni, Tokyu Corp developing mixed-use building near Naka-Meguro Station
PROJECTS

Marubeni, Tokyu Corp developing mixed-use building near Naka-Meguro Station

NEW
Mitsubishi, Tokyu Land developing retail building on Jingumae corner lot
PROJECTS

Mitsubishi, Tokyu Land developing retail building on Jingumae corner lot

NEW
SAP Japan to move from Otemachi to Blue Front Shibaura
TENANTS

SAP Japan to move from Otemachi to Blue Front Shibaura

NEW
Dai-ichi Life affiliated REITs to merge, assets to reach Y300bn
TRENDS

Dai-ichi Life affiliated REITs to merge, assets to reach Y300bn

NEW
Investors bet on Japan, Australia rental housing as rates, home prices rise
BUSINESS

Investors bet on Japan, Australia rental housing as rates, home prices rise

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EDITORS' PICK

Japan Post Real Estate establishes AM company, Y10bn fund
TRENDS

Japan Post Real Estate establishes AM company, Y10bn fund

Japan Post Real Estate established Japan Post Real Estate Investment Management, which is an asset management company. The new company has set the achievement of an AUM of 50 billion yen [$310 million] by fiscal 2028 as its first target.

KKR sells domestic hotel portfolio with 3,468 guestrooms
DEALS

KKR sells domestic hotel portfolio with 3,468 guestrooms
Hong Kong’s Weave completes exit of large Y55bn residential fund
TRENDS

Hong Kong’s Weave completes exit of large Y55bn residential fund
Tokyo Tatemono joins first Australian logistics fund
TRENDS

Tokyo Tatemono joins first Australian logistics fund
Brookfield invests more than Y100bn in Japan residences
DEALS

Brookfield invests more than Y100bn in Japan residences
Hulic and peers spend $1.5bn on Tokyo office tower deal
BUSINESS

Hulic and peers spend $1.5bn on Tokyo office tower deal
Japanese life insurers expand investments in property amid inflation
BUSINESS

Japanese life insurers expand investments in property amid inflation
Keppel and its REIT to acquire two data centers in Inzai City, Chiba
DEALS

Keppel and its REIT to acquire two data centers in Inzai City, Chiba
Kasumigaseki Capital sells site in Miami, U.S., to Japanese fund
TRENDS

Kasumigaseki Capital sells site in Miami, U.S., to Japanese fund
GLP Japan’s latest fund completes closing with investment exceeding Y600bn
TRENDS

GLP Japan’s latest fund completes closing with investment exceeding Y600bn

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Sun Frontier purchases Shinkawa, Chuo-ku building

Record-High Expect “Rise” in Logistics Facility Rents

Nishimatsu Construction acquires additional interest in Shin-Osaka office building

Daiwa House sells mixed-use building in Yokohama

Taisei-Yuraku acquires new apartments in Taito-ku and Adachi-ku

Yasuda starts constructing apartment supporting childcare in Kanda-Nishikicho

Seiwa Building acquires apartment building in Tsukiji vicinity

Chuo-Nittochi acquires hotel in Nagoya

Sumitomo Corp acquires two adjacent buildings in Hirakawacho

Sumitomo Forestry and Chuo-Nittochi to build apartment near Los Angeles
Castle in the Air
MONTHLY REPORTS

WHAT'S IN THE MONTHLY EDITION: OCTOBER 2026

Investigation

Castle in the Air

Tracing the origins of a 200 billion yen pipe dream of Minnade Oyasan

The castle tower featured in the pamphlet was never an investment target. A majority of investor money was siphoned out through third-party beneficiary transactions. The plan for an ultra-luxury hotel with stays priced at “5 million yen per night” dissipated without ever taking shape. The remaining funds evaporated into purchases of helicopters and bonsai plants. This article traces the transactions surrounding a theme park acquisition lauded as the “preparatory project” for the Narita development through data and sources close to the matter.

Case Study | Occupier Market | Market Knowledge | Deals Roundup | Relocation Update | News Digest

TRENDS

Dai-ichi Life affiliated REITs to merge, assets to reach Y300bn

Dai-ichi Life affiliated REITs to merge, assets to reach Y300bn

NEW

Sumitomo Forestry and Chuo-Nittochi to build apartment near Los Angeles

Marubeni Asset Management launches fifth fund, cumulative AUM over Y100bn

Japan Post Real Estate establishes AM company, Y10bn fund

Former Murakami Fund affiliate offers new TOB for Sankei REIT
MORE

DEALS

PDM acquires Katsushika-ku apartment building

PDM acquires Katsushika-ku apartment building

NEW

Nippon Steel Kowa secures hotel development site in Shinsaibashi

NEW

City Homes developing retail building in Ikebukuro

NEW

Daiwa House sells mixed-use building in Yokohama

NEW

Taisei-Yuraku acquires new apartments in Taito-ku and Adachi-ku

NEW
MORE

PROJECTS

City Homes developing retail building in Ikebukuro

City Homes developing retail building in Ikebukuro

NEW

Marubeni, Tokyu Corp developing mixed-use building near Naka-Meguro Station

NEW

Mitsubishi, Tokyu Land developing retail building on Jingumae corner lot

NEW

Yasuda starts constructing apartment supporting childcare in Kanda-Nishikicho

NEW

The Global developing apartment building in Nihombashi-Tomizawacho
MORE

TENANTS

SAP Japan to move from Otemachi to Blue Front Shibaura

SAP Japan to move from Otemachi to Blue Front Shibaura

NEW

BuySell to relocate to Shinjuku Nomura Building for office expansion

System developer Airu moving to Nihonbashi Nomura Mitsui Tower

Sanofi and Aichi Steel move into Tofrom Yaesu Tower

Copia to relocate to Yaesu Core, scheduled for 2029 completion
MORE

STATS

Record-High Expect “Rise” in Logistics Facility Rents

Record-High Expect “Rise” in Logistics Facility Rents

NEW

What Happens to Demolished Office Buildings?

More Expecting Downturn Phase in Six Months

Tokyo Office Rents to Rise 16% Over Next Five Years

Logistics Facility Vacancy Rate in Greater Tokyo Area Drops
MORE

LOCAL

Nippon Steel Kowa secures hotel development site in Shinsaibashi

Nippon Steel Kowa secures hotel development site in Shinsaibashi

NEW

Nishimatsu Construction acquires additional interest in Shin-Osaka office building

NEW

Chuo-Nittochi acquires hotel in Nagoya

Avac acquires retail building near Shinsaibashi-suji Shopping Street

Marubeni Asset Management converting office to hotel in Hiroshima
MORE

BUSINESS

Investors bet on Japan, Australia rental housing as rates, home prices rise
BUSINESS

Investors bet on Japan, Australia rental housing as rates, home prices rise

NEW
Mitsui Fudosan eyes Japan's first next-gen geothermal power site
BUSINESS

Mitsui Fudosan eyes Japan's first next-gen geothermal power site

NEW
Asian brands tighten grip on Tokyo's high-end shopping districts
BUSINESS

Asian brands tighten grip on Tokyo's high-end shopping districts

NEW
Mitsui to build data center in abandoned tunnel in Japan
BUSINESS

Mitsui to build data center in abandoned tunnel in Japan
IHG to open premium hotels under new brand in Tokyo, marking first in Asia
BUSINESS

IHG to open premium hotels under new brand in Tokyo, marking first in Asia
Osaka's entertainment ambitions for former Expo site draw few takers
BUSINESS

Osaka's entertainment ambitions for former Expo site draw few takers
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DATA

Transaction Data

73 Transactions Data - Up to May, 2009

103 Transactions Data - Up to April, 2009

74 Transactions Data - Up to March, 2009

81 Transactions Data - Up to February, 2009

3360 Transactions Data - Up to January, 2009 ( CSV only )

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