Last Update: 06/24 2021 15:00 JST

Accommodations Fund to acquire three residences in Tokyo

Nippon Accommodations Fund (NAF), which is a REIT affiliated with Mitsui Fudosan, will acquire three residences in Sumida-ku and Koto-ku. The total acquisition price is...

Partnership for Yokohama Kitanaka-dori North B-1 District development

Logistics company Nissin concluded a partnership agreement on formulation of a development plan for land that it owns in Kaigandori, Naka-ku, Yokohama City with Tokyu Land, Keikyu Corporation and Dai-ichi Life Insurance.

FPG acquires Gotanda retail building

Financial Products Group (FPG) acquired a retail building in Nishi-Gotanda, Shinagawa-ku. The seller was...

KDDI returning 13,200 m2 leased in Tokyo

KDDI, a major telecom provider, will return some of the offices that it is leasing in Tokyo, including its office in Shinjuku Bunka Quint Building in Yoyogi, Shibuya-ku.

Frontier REIT to acquire three properties for Y22bn

Frontier, a REIT sponsored by Mitsui Fudosan, will acquire three properties including a quasi co-ownership interest in a retail facility in Misato City, Saitama Prefecture. The total acquisition price is 22.11 billion yen [$200 million].

Seibu Railway sells golf range in Yokohama City

Seibu Railway of Tokorozawa City, Saitama Prefecture sold a golf driving range in Fukuura, Kanazawa-ku, Yokohama City, Kanagawa Prefecture.

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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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