Last Update: 10/20 2021 15:00 JST

NTT UD REIT to shuffle assets worth Y40bn

NTT UD REIT (formerly Premier REIT) will replace assets totaling 40 billion yen [$350 million]. It will acquire part of a building in Nishi-Shinjuku, Shinjuku-ku, for 22 billion yen [$190 million]. Then, it will sell its quasi co-ownership interest in a building in Higashi-Shinagawa, Shinagawa-ku for 18 billion yen [$160 million].

Sekisui House REIT acquiring additional Akasaka Garden City ownership

Sekisui House REIT will additionally acquire part of Akasaka Garden City in Akasaka, Minato-ku. The seller is a special purpose company of Sekisui House, which is the sponsor.

Hankyu Hanshin REIT reshuffling assets worth Y15.2bn in total

Hankyu Hanshin REIT will acquire a retail facility in Minami-Aoyama, Minato-ku. The acquisition price is 6.65 billion yen [$58 million]. Meanwhile, the REIT will sell 33% quasi co-ownership in an office building in Higashi-Shinagawa, Shinagawa-ku for 8.6 billion yen [$75 million].

Blackstone acquires building in Nihombashi-Hisamatsucho

JMOP Two Holding TMK, a special purpose company believed to be affiliated with The Blackstone Group, acquired an office and retail building in Nihombashi-Hisamatsucho, Chuo-ku. The seller was...

Showa Denki sells office building in Iwamotocho, Chiyoda-ku

Showa Denki, which is based in Daito City, Osaka Prefecture and engaged in manufacturing of industrial fans, etc., sold an office building in Iwamotocho, Chiyoda-ku, Tokyo. The buyer was...

Hatchobori, Chuo-ku office and retail building sold

Chuo-ku-based real estate leasing business Ooi, which operates business in the Kayabacho and Nihombashi areas, acquired an office property in Hatchobori, Chuo-ku.



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Feature: Data Centers

Hyperscale Hotspots

Amazon, Google take up large-scale Tokyo metropolitan area facilities
Development of large-scale data centers centering on “hyperscale data centers,” which correspond to cloud services, are increasing rapidly in the Tokyo metropolitan area. In addition to Inzai City, Chiba Prefecture where sites can easily be secured due to the new town development and where electricity and communications infrastructures have been developed, the development areas are also expanding to Saitama City and the 23 wards of Tokyo.
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