Last Update: 11/29 2021 15:00 JST

Dai-ichi Life acquires office floors of Italian Cultural Institute

Dai-ichi Life Insurance acquired office floors of Italian Cultural Institute Building, a mixed-use facility in Kudan-Minami, Chiyoda-ku. The seller appears to be...

Loan balance to real estate industry reaches record Y112tn

The balance of outstanding loans granted by domestic financial institutions (banks, credit unions, governmental financial institutions, etc.) to the private-sector real estate industry reached 112 trillion yen [$960 billion] (Figure 1) as of September 2021. Results compiled by Nikkei Real Estate Market Report based on data announced by the Bank of Japan (BOJ) showed...

Japan Excellent REIT to acquire building in Sapporo

REIT Japan Excellent, which is affiliated with Minato-ku based Nippon Steel Kowa Real Estate, will acquire part of a mixed-use building in Chuo-ku, Sapporo City. With this transaction, the REIT’s acquisition price based AUM will be approximately 286.61 billion yen [$2.5 billion].

Mitsubishi Corp developing logistics facility in Suita City, Osaka

Chiyoda-ku's Mitsubishi Corporation Urban Development (MCUD) acquired 36,139 m2 of land in Suita City, Osaka Prefecture. The company and Sankei Building will jointly develop a multi-tenant logistics facility on the land.

Phoenix to conduct large-scale renovation of Shinsaibashi office building

Phoenix Property Investors of Hong Kong acquired an office and retail building in Chuo-ku, Osaka City. The company is expanding its investment in Japan, and it has been revealed that it acquired Hotel Resol Kyoto Kawaramachi Sanjo in Nakagyo-ku, Kyoto City in May 2021.

Es-Con purchases building beside Shimbashi Station

Real estate company Es-Con Japan acquired a retail and office building in Shimbashi, Minato-ku.

Sekisui House developing condominium in Shibuya vicinity

Sekisui House will start construction of tentatively-named Shibuya-ku Hachiyamacho Project. Completion is targeted for July 2024.

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WHAT'S IN THE MONTHLY REPORT: NOVEMBER 2021

Past Monthly Reports
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Area in Focus: Ginza

Unseen Level of Store Vacancies

Luxury brands opening stores, but transactions at all-time low
Ginza is finally starting to see the light of day after Covid-19. Luxury brands are increasing demand to open stores on high streets like Chuo-dori Street and Harumi-dori Street, and the retail rental market is showing signs of improvement. On the other hand, there are fewer properties for sale than ever before and conclusion of transactions have become even less frequent, resulting in the number of sales transactions reached a record low as surveyed by the Nikkei Real Estate Market Report.
Transactions: 3Q 2021 | Occupier Market | Market Knowledge | Deals Roundup | Relocation Update | News Digest

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