NIKKEI REAL ESTATE MARKET REPORT

Last Update: 01/19 2021 06:00 JST
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GIC acquires two buildings around Ningyocho, Chuo-ku

SST West TMK, a special purpose company affiliated with Singaporean sovereign wealth fund GIC, acquired two building in Chuo-ku, Tokyo. The seller was... ≫

GLP fund to increase AUM by $2.8bn through second close

GLP Japan Income Fund (JIF), which is an open-end private fund established by GLP and specializing in logistics facilities, completed its second round of fundraising. This is expected to raise its AUM from $2.6 billion at its establishment to $5.4 billion, an apparent increase of $2.8 billion. ≫

Mitsubishi, New Urban Project developing Jimbocho mixed-use building

Mitsubishi Estate and New Urban Project of Kyoto City will jointly develop a mixed-use building in Kanda-Jimbocho, Chiyoda-ku. ≫

Heiwa acquires Nihombashi office building

Heiwa Real Estate acquired an office and retail building in Nihombashi, Chuo-ku. The company announced that it will conduct external growth of its building business in its mid-term management plan. The transaction this time is part of such efforts. ≫

Daiwa House developing two logistics facilities in Okinawa

Daiwa House Industry will start construction of two logistics facilities in Tomigusuku City, Okinawa Prefecture. The aggregate gross floor area of 123,172 m2 will be the largest among logistics facilities in Okinawa, according to Daiwa House Industry. ≫

Horai purchases apartment building in Akihabara vicinity

Insurance and real estate company Horai acquired a rental apartment building in Soto-Kanda, Chiyoda-ku. ≫

LATEST NEWSMore

GLP fund to increase AUM by $2.8bn through second close
Mitsubishi, New Urban Project developing Jimbocho mixed-use building
Fukuoka’s Shibaura Group acquires apartment building in Meguro-ku
GIC acquires two buildings around Ningyocho, Chuo-ku
Heiwa acquires Nihombashi office building
Japan developers go green at Tokyo office buildings
Daiwa House developing two logistics facilities in Okinawa
Hankyu Hanshin Properties acquires building in Koto-ku
Rio acquires office building in Nagaoka City
Horai purchases apartment building in Akihabara vicinity

WHAT'S IN THE MONTHLY REPORT: JANUARY 2021

Past Monthly Reports
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Local Markets: Fukuoka

Deregulation for Regeneration

City grants more FAR, pushes developers to design 'corona-free' buildings
While the spread of the coronavirus (Covid-19) infection is having an impact on the economies across Japan, a new initiative that induces building developments resistant to viruses was launched in Fukuoka City. The city aims to realize a "city prepared for infectious diseases," and to use it as an incentive for the attraction of new businesses. Investment needs in real estate in Fukuoka remains high even amid the Covid-19 crisis. Especially, moves to develop logistics facilities are becoming active and the investment areas are expanding. ≫
Analyst Survey | Market Knowledge | Deals Roundup | Relocation Update | News Digest

TRENDS

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GLP fund to increase AUM by $2.8bn through second close
Samty to build high-rise residences in Vietnam for Y35bn
Open call started for Minato Mirai Block 52 developers
Mitsui to make TOB for Tokyo Dome
Bridge C Capital renovating hostel closed due to Covid-19
Two NTT Urban subsidiary asset managers to merge
Sumitomo Mitsui Finance to make up to Y132bn TOB for Kenedix
Mitsubishi starts constructing office building in Barcelona
TIAA's real estate arm opens base in Tokyo
Aqua Resort to acquire Bestland aiming to expand business

DEALS

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Fukuoka’s Shibaura Group acquires apartment building in Meguro-ku
GIC acquires two buildings around Ningyocho, Chuo-ku
Heiwa acquires Nihombashi office building
Hankyu Hanshin Properties acquires building in Koto-ku
Rio acquires office building in Nagaoka City
Horai purchases apartment building in Akihabara vicinity
TSI Holdings to gain Y22.6bn on sale of two properties
Rio sells apartment building in Morioka City
Sotsu purchases office building in Nihombashi-Hakozakicho
Shimbashi office and retail building changes hands

PROJECTS

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Mitsubishi, New Urban Project developing Jimbocho mixed-use building
Daiwa House developing two logistics facilities in Okinawa
Atrium developing apartment building in Ueno
Mitsubishi to build office building for land use project
Nomura developing own brand retail facility in Mita, Minato-ku
Office building planned on site next to Aoyama’s Spiral
Tokyo to sell Ariake land to Konami and TV Asahi
Shogakukan developing Jimbocho office building
Nittochi developing 55,500m2 GFA mixed-use building in Minato-ku
Tokyu Land developing studio apartment building in Kobe

TENANTS

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Job listing site operator relocating to Shibuya Cross Tower
Online game developer to move to Midtown East
Fukuske relocating to Aomi Frontier Building
Protea Japan moving to newly-constructed Prime Terrace Kamiyacho
ValueCommerce subleasing floors leased by Yahoo in Kioi Tower
News app provider Gunosy moving to WeWork in Shibuya Scramble Square
Kubota reducing annual rent by Y300mn by concentrating Tokyo offices
Sailor Pen moving to Toranomon Towers
Childcare support app provider moves to MA Shibaura Building
Dwango reducing annual office lease costs by Y200mn

STATS

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Japan drops two ranks to 16th in RE transparency: JLL
COVID-19 affects asset types differently: Daiwa Real Estate Appraisal
BOJ survey indicates business conditions declining due to coronavirus
Loans to real estate exceed Y100tn for first time
Loans to real estate reach Y99tn as capital demand remains avid
Loans for individuals decreased 20% and for real estate reach turning point
J-REIT market exceeds Y20tn: ARES
No celebration despite Japan rising to 14th in RE transparency: JLL
Loans to real estate hits highest ever at Y97tn; momentum likely to peak out
Loans to real estate continues to increase, balance at almost Y95tn

NIKKEI.com

More
Japan developers go green at Tokyo office buildings
Blackstone hires former Shinzo Abe adviser in Japan push
Investor PAG hunts for billion-dollar private equity deals in Japan
Blackstone snaps up $1bn in Japanese real estate
$1bn bid for Tokyo Dome planned by developer Mitsui Fudosan
Takashimaya chases new identity as developer, starting in Vietnam
Singapore's Mapletree plans $385mn logistics center in Japan
Philippines' plan to sell its Japanese real estate hits a wall
Blackstone zeroes in on Japan's affluent
Waldorf Astoria to debut in Tokyo's Nihombashi

Most Read Articles

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GIC acquires two buildings around Ningyocho, Chuo-ku
GLP fund to increase AUM by $2.8bn through second close
Fukuoka’s Shibaura Group acquires apartment building in Meguro-ku
Mitsubishi, New Urban Project developing Jimbocho mixed-use building
Sun Frontier sells Nihombashi office building to GIC
TSI Holdings to gain Y22.6bn on sale of two properties
Hankyu Hanshin Properties acquires building in Koto-ku
Daiwa House developing two logistics facilities in Okinawa
Japan developers go green at Tokyo office buildings
Rio acquires office building in Nagaoka City
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Latest NewsView all

GLP fund to increase AUM by $2.8bn through second close
Mitsubishi, New Urban Project developing Jimbocho mixed-use building
Fukuoka’s Shibaura Group acquires apartment building in Meguro-ku
GIC acquires two buildings around Ningyocho, Chuo-ku
Heiwa acquires Nihombashi office building
Japan developers go green at Tokyo office buildings
Daiwa House developing two logistics facilities in Okinawa
Hankyu Hanshin Properties acquires building in Koto-ku
Rio acquires office building in Nagaoka City
Horai purchases apartment building in Akihabara vicinity

Editors' Pick

Investor PAG hunts for billion-dollar private equity deals in Japan
Blackstone hires former Shinzo Abe adviser in Japan push
Blackstone acquires 18 properties from PAG for Y110bn
Tokyo to sell Ariake land to Konami and TV Asahi
Avex to sell Aoyama Headquarters to GreenOak
Samty to build high-rise residences in Vietnam for Y35bn
AXA acquires Tokyo data center for Y22bn
JR East constructing 260,000m2 GFA mixed-use facility in Shinagawa-ku
ESR to build 155,000m2 GFA logistics facility in Mie
JR Freight to build 174,000m2 GFA Shinagawa logistics facility
CapitaLand shifting from retail to logistics facilities
Shimizu sells hotel to Singaporean company
Hong Kong trading firm developing mixed-use building in Shiba, Minato-ku
Prologis to develop GFA 164,000m2 multi-tenant logistics facility

MORE SURVEYS AND ANALYSIS

CLOSING RENT SURVEY Our proprietary survey of closing rents for rental office buildings in Tokyo and Yokohama.
RETAIL RENT SURVEY Advertised rents and vacancy on major shopping streets in Ginza, Omotesando, Shinjuku, etc.
PROJECT MAP A map and list of the 160 large-scale office building development projects currently in progress in Tokyo.
OFFICE CAP RATES Quarterly cap rate survey on office building transactions, based on our proprietary estimation
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