GPIF’s real estate investment reaches Y770bn
The total market value of real estate investment by independent administrative institution Government Pension Investment Fund (GPIF), which manages the public pension fund, reached 773.1 billion yen [$5.6 billion] as of the end of March 2022, an increase of 228.4 billion yen [$1.6 billion] year-on-year. ≫
Sanei Denki Kogyo acquires Shimbashi office building
Electrical construction and telecommunication engineering company Sanei Denki Kogyo of Shibuya-ku acquired an office property in Shimbashi, Minato-ku. ≫
B-Lot sells retail and office building in Meguro-ku
B-Lot sold a retail and office building in Takaban, Meguro-ku. ≫
Itochu’s private REIT launches with six properties worth Y14bn
Chiyoda-ku based Itochu REIT Management commenced management of REIT Advance Private, which is a private REIT. Its initial assets are six properties worth approximately 14 billion yen [$110 million]. ≫
First-Corporation sells apartment building in Ryogoku, Sumida-ku
Apartment building developer First-Corporation sold a rental apartment building in Ryogoku, Sumida-ku. The buyer was... ≫
Goodman to acquire 460,000m2 of land in Tsukuba City
Chiyoda-ku based Goodman Japan will acquire 455,754 m2 of land in Oho, Tsukuba City, Ibaraki Prefecture. The price is approximately 11.03 billion yen [$84 million]. ≫
Japan REITs clouded by uncertainty over post-Kuroda BOJ
Foreign investors are starting to shun Japanese real estate investment trusts, bracing for a change in the ultraloose monetary policy that has underpinned the market as Bank of Japan Gov. Haruhiko Kuroda nears the end of his term in April. ≫
Kyocera relocating to Tokyo Mita Redevelopment Project from 2023
Kyoto City based Kyocera, a major ceramics and electronics manufacturer, will sequentially relocate its Tokyo office to tentatively-named Tokyo Mita Redevelopment Project Office Tower, which is being constructed by Sumitomo Realty & Development, from spring 2023. ≫
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WHAT'S IN THE MONTHLY REPORT: JUNE 2022
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