Hatchobori, Chuo-ku office and retail building sold
Chuo-ku-based real estate leasing business Ooi, which operates business in the Kayabacho and Nihombashi areas, acquired an office property in Hatchobori, Chuo-ku. ≫
Hulic REIT to conduct Y41.6bn asset replacement transactions
Hulic REIT will acquire three office buildings and one elderly nursing home. It will also sell a Tokyo retail building. The total transaction price is 41.66 billion yen [$360 million]. ≫
Jinushi Private REIT’s AUM to exceed Y150bn, Y42.4bn acquisitions
Jinushi Private REIT, which specializes in leased land, will acquire 25 leased sites. The total acquisition price is approximately 42.38 billion yen [$370 million]. Three of them will be acquired from Nippon Commercial Development (NCD or Nihon Shogyo Kaihatsu), which is the sponsor, and the other properties will be acquired from... ≫
Nomura Master Fund to acquire Amazon occupied warehouse for Y17bn
REIT Nomura Real Estate Master Fund will acquire a logistics facility for 17 billion yen [$150 million]. Amazon has rented the entire building since September 2021. ≫
Japan Metropolitan Fund to acquire retail building in Funabashi City, Chiba
Japan Metropolitan Fund, which is a REIT affiliated with trading firm Mitsubishi Corporation, will acquire a retail building in Funabashi City, Chiba Prefecture. With this transaction, the REIT’s acquisition price based AUM will be approximately 1.19 trillion yen [$10 billion] in 129 properties. ≫
NTT West developing hotel near Osaka Castle
Nippon Telegraph and Telephone West Corporation (NTT West) will redevelop the site of its headquarters, which has approximately 13,600 m2 of land area and is located adjacent to Osaka Castle Park. ≫
JR West to construct new Sannomiya station building
West Japan Railway (JR West) revealed the plan of tentatively-named JR Sannomiya New Station Building which is under consideration in Kumoidori, Chuo-ku, Kobe City. It plans to construct a mixed-use building with a height of approximately 160 m and a gross floor area of approximately 100,000 m2 on the former site of Sannomiya Terminal Building. ≫
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WHAT'S IN THE MONTHLY REPORT: OCTOBER 2021
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