Dai-ichi Life private REIT acquires apartment in Nagoya
DL Life Partner REIT, a private REIT, purchased a relatively-new rental apartment building in Masaki, Naka-ku, Nagoya City. With this acquisition, the acquisition price-based AUM of the REIT increased to 55.1 billion yen [$480 million] in 32 properties. ≫
Rio acquires office buildings in Hakodate City and Tsu City
Chiyoda-ku based Rio Consulting, which is under the umbrella of Chiyoda-ku based Rio Holdings, acquired office buildings in Hakodate City, Hokkaido, and Tsu City, Mie Prefecture, through a subsidiary. Rio is engaged in a large number of sales projects of life and non-life insurance mainly in local areas. ≫
Blackstone acquires three Osaka apartment buildings
The Blackstone Group acquired three rental apartment buildings in Osaka City. The seller of the three properties was... ≫
Toyo Tire acquires high-rise apartment with defective seismic isolation
Toyo Tire acquired a 30-story rental apartment building in Chuo-ku, Fukuoka City. The acquisition price was 3.74 billion yen [$33 million]. Seismic isolation rubber manufactured by Toyo Tire & Rubber (currently Toyo Tire) was used in the foundation of the building. It was brought to light in 2015 that the seismic isolation rubber does not meet the performance evaluation standards certified by the minister. ≫
Daiwa Office REIT to shuffle assets worth Y23.5bn
Daiwa Office, a REIT sponsored by the Daiwa Securities Group, will replace assets totaling approximately 23.48 billion yen [$210 million]. The REIT will acquire a development site in Kanda-Sudacho, Chiyoda-ku, and then the office building that will be developed there for an estimated land-building combined... ≫
Takara Leben REIT to reshuffle Y6.6bn in assets
Takara Leben REIT decided to acquire a mixed-use building in Yokohama City and transfer office buildings in Osaka City and Nagano City. The total transaction price is approximately 6.68 billion yen [$58 million]. ≫
Former Hotel Grand Palace site to be redeveloped
Five companies, namely Hotel Grand Palace which is a hotel operator of Chiyoda-ku, Mitsubishi Estate, Mitsubishi Estate Residence of Chiyoda-ku, Hankyu Hanshin Properties of Osaka City and movie theater producer Toho, signed a basic agreement on the effective utilization plan for the former site of Hotel Grand Palace. ≫
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WHAT'S IN THE MONTHLY REPORT: OCTOBER 2021
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