Last Update: 06/11 2021 11:30 JST

Germany’s Deka Immobilien acquires Osaka Dotonbori landmark

Germany’s Deka Immobilien acquired a retail building in Chuo-ku, Osaka City from trading firm Sumitomo Corporation. The price...

Sapporo Real Estate to sell large building in Ebisu, Shibuya-ku

Shibuya-ku based Sapporo Real Estate, which is a subsidiary of Sapporo Holdings, will sell an office building in Ebisu, Shibuya-ku. The price is unknown, but a gain on sale of approximately 22 billion yen [$200 million] is scheduled to be recorded.

Marubeni Private REIT acquires Setagaya-ku apartment from Cosmos Initia

Marubeni Private REIT acquired a rental apartment in Kinuta, Setagaya-ku. The seller was condominium developer Cosmos Initia.

Vortex acquires Aoyama office and retail building

It has been revealed that Chiyoda-ku based real estate company Vortex acquired an office and retail building in Minami-Aoyama, Minato-ku. The seller was...

Tokyu Land, Keikyu Corp to redevelop Sengakuji station district

Tokyu Land and railway operator Keikyu Corporation signed a basic agreement with the Tokyo Metropolitan Government concerning the Sengakuji Station District Category II Urban Redevelopment Project, which is a Tokyo city planning project.

Sanbancho, Chiyoda-ku apartment building changes hands

Real estate company Ruf of Chiyoda-ku sold a rental apartment building in Sanbancho, Chiyoda-ku.

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WHAT'S IN THE MONTHLY REPORT: JUNE 2021

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Slew of Planned Projects

Development underway for 99 buildings, GFA of 10 million m2
A total of 99 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 2021 for an aggregate gross floor area reaching 10.08 million m2. In addition to the reconstruction of Imperial Hotel Tokyo, 24 projects were newly revealed over the past year. Many projects are scheduled to be implemented even after the peak of the supply of office buildings in 2025.
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