Tokyu Corp, LVMH group to redevelop flagship department store
Tokyu Corporation, Tokyu Department Store and L Catterton Real Estate agreed to demolish the Tokyu Department Store Honten Store (main store) in Shibuya and develop a new facility. Demolition of the main store’s building will start in spring 2023 or after. ≫
Mitsubishi and TBS developing high-rise buildings in Akasaka
Mitsubishi Estate and Tokyo Broadcasting System Holdings (TBS) will construct two high-rise buildings with 221,000 m2 of aggregate gross floor area. Construction will start in fiscal 2022, with completion and start of use targeted for fiscal 2028. ≫
Sotetsu, Mercuria Investment to join Thailand condominium development project
Yokohama City based Sotetsu Real Estate, which is a unit of the Sotetsu Group, and Chiyoda-ku based Mercuria Investment will participate in a for-sale condominium development project in Bangkok, Thailand. ≫
Rio acquires office buildings in Hakodate and Fukui
Rio Consulting, a subsidiary of real estate consulting firm Rio Holdings, acquired an office building in Hakodate City, Hokkaido Prefecture and an office building in Fukui City, Fukui Prefecture, through its subsidiary. ≫
Meiho Enterprise sells apartment building in Setagaya-ku
Condominium developer Meiho Enterprise sold a rental apartment building in Kita-Karasuyama, Setagaya-ku. The buyer was... ≫
Sumitomo Corporation acquires mixed-use building in Kanda
Trading firm Sumitomo Corporation acquired a mixed-use building in Uchi-Kanda, Chiyoda-ku. It was formerly owned by... ≫
Calbee to downsize Marunouchi head office
It appears that confectionery and snack manufacturer Calbee will return part of its head office in Marunouchi Trust Tower Main in Marunouchi, Chiyoda-ku. ≫
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WHAT'S IN THE MONTHLY REPORT: MAY 2021
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