NIKKEI REAL ESTATE MARKET REPORT

Last Update: 01/19 2022 13:45 JST
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Healthcare & Medical REIT to acquire 10 properties for Y11.4bn

Healthcare & Medical REIT, the sponsors of which include Ship Healthcare Holdings and NEC Capital Solutions, will acquire 10 properties including fee-based elderly nursing homes for an approximate total of 11.44 billion yen [$97 million]. ≫

Hulic acquires new building in Azabu-Juban from Itochu

Hulic acquired a newly constructed building in Mita, Minato-ku from trading firm Itochu. Hulic will... ≫

B-Lot sells apartment building in Meguro-ku

Real estate company B-Lot sold a rental apartment building in Meguro-Honcho, Meguro-ku. The buyer was... ≫

Takara Leben REIT to sell three office buildings

REIT Takara Leben will sell three office buildings in Osaka City and Yamagata City. With these transactions, the REIT’s acquisition price-based AUM will be approximately 107.8 billion yen [$910 million]. ≫

CPPIB to invest in Japan with Mitsubishi Estate

Canada Pension Plan Investment Board (CPP Investments) will start investing in real estate in Japan in collaboration with the Mitsubishi Estate group. The initial equity is... ≫

NYK Line to build 10,000m2 complex near Onarimon Station in Minato-ku

Shipping company Nippon Yusen Kaisha (NYK Line) will reconstruct two buildings in Nishi-Shimbashi, Minato-ku, into a single rental building. Construction will start in April 2022 with completion slated for September 2024. ≫

GLP flagship logistics facilities opening in Tokyo metropolitan area

The business development of Alfalink, the flagship logistics facility brand of GLP Japan, has been shifted into high gear. The opening ceremonies were held one after the other for two bases in the Tokyo metropolitan area. ≫

LATEST NEWSMore

Mitsubishi developing Aoyama apartment for single occupants
B-Lot sells apartment building in Meguro-ku
Healthcare & Medical REIT to acquire 10 properties for Y11.4bn
Hulic acquires new building in Azabu-Juban from Itochu
Nishitetsu to develop apartment near Kannai Station, Yokohama City
Takara Leben REIT to sell three office buildings
Kiuchi Construction unit constructing Ichigaya apartment building
Medical system developer Findex moving to Tokyo Sankei Building
J1planning sells building in Kiba, Koto-ku
NYK Line to build 10,000m2 complex near Onarimon Station in Minato-ku

WHAT'S IN THE MONTHLY REPORT: JANUARY 2022

Past Monthly Reports
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Local Markets: Fukuoka

Office Market Still Strong

First Tenjin Big Bang property completed, signs of recovery in hotel investments
In Fukuoka, Tenjin Business Center, which is the first property in the redevelopment promotion project “Tenjin Big Bang,” was completed in September 2021. It realized the highest level of contracted rent among the office buildings in the city, which had an affect on the market rent of buildings in the surrounding area. As for transactions in the central area, the needs to acquire rental apartments are increasing and hotel investments, which remained sluggish for a long time, are also becoming active. ≫
Analyst Survey | Market Knowledge | Deals Roundup | Relocation Update | News Digest

TRENDS

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CPPIB to invest in Japan with Mitsubishi Estate
JMF to increase private REIT ownership ratio to 17%
Mitsui & Co. to secure data centers worth Y300bn
Grit Partners acquires real estate company Liv-up
Norinchukin Bank group to form private REIT
Star Asia REIT to conduct sixth mezzanine loan investment
JR Kyushu forms private REIT, commence operations next spring
Diamond Realty Management forms U.S. logistics development fund
APL receives Y3.6bn for energy-saving renovation
Mitsui O.S.K. Lines to make TOB for Daibiru

DEALS

More
Mitsubishi developing Aoyama apartment for single occupants
B-Lot sells apartment building in Meguro-ku
Healthcare & Medical REIT to acquire 10 properties for Y11.4bn
Hulic acquires new building in Azabu-Juban from Itochu
Takara Leben REIT to sell three office buildings
Kiuchi Construction unit constructing Ichigaya apartment building
J1planning sells building in Kiba, Koto-ku
Newly built apartment in Shinjuku-ku traded
Property Agent sells new Ichigaya apartment building
Mitsui’s logistics REIT to acquire three properties for Y44.6bn

PROJECTS

More
Mitsubishi developing Aoyama apartment for single occupants
Nishitetsu to develop apartment near Kannai Station, Yokohama City
Kiuchi Construction unit constructing Ichigaya apartment building
NYK Line to build 10,000m2 complex near Onarimon Station in Minato-ku
Tokyu Livable to construct apartment building in Ebisu, Shibuya-ku
Nomura developing retail facility in Kiba, Koto-ku
GLP flagship logistics facilities opening in Tokyo metropolitan area
Mitsubishi Logistics constructing 35,000 m2 GFA facility in Kaigan, Minato-ku
Higashi-Gotanda Redevelopment targets completion in 2027
Issei Syoji developing retail building in Koto-ku

TENANTS

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Medical system developer Findex moving to Tokyo Sankei Building
Staffing company moving to Bygs Shinjuku Building, expanding office space
Cyber Security Cloud moving to JR Tokyu Meguro Building
Semiconductor company Infineon leasing at NBF Shibuya Garden Front
IT consulting firm relocating to Akasaka Center Building
Game developer Creatures moving to new Kudan building
Car rental company moving into Revzo Nihonbashi Horidomecho
Enechange to occupy WeWork in Tokyo Square Garden
Texas Instruments Japan moving to Shinagawa Season Terrace
Dole relocating to Daiwa River Gate

STATS

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Loan balance to real estate industry reaches record Y112tn
Japan drops two ranks to 16th in RE transparency: JLL
COVID-19 affects asset types differently: Daiwa Real Estate Appraisal
BOJ survey indicates business conditions declining due to coronavirus
Loans to real estate exceed Y100tn for first time
Loans to real estate reach Y99tn as capital demand remains avid
Loans for individuals decreased 20% and for real estate reach turning point
J-REIT market exceeds Y20tn: ARES
No celebration despite Japan rising to 14th in RE transparency: JLL
Loans to real estate hits highest ever at Y97tn; momentum likely to peak out

NIKKEI.com

More
Japan's tallest skyscraper to include $43,000 a month apartments
Hudson Yards developer Mitsui Fudosan ready to spend $6bn abroad
Government to sell share of Otemachi Place for Y300bn
Daiwa House to debut logistics business in Southeast Asia
SoftBank-backed fund to acquire Japan's golf course operator Accordia
Is Mount Fuji dormant? Companies prepare for X-Day
Imperial Hotel Tokyo's palatial makeover unveiled
Japan's restaurants and hotels welcome life after state of emergency
Tokyo Tower to headline new retail district in Japan's capital

Most Read Articles

Today
Weekly
Monthly
Takara Leben REIT to sell three office buildings
Hulic acquires new building in Azabu-Juban from Itochu
Comforia Residential REIT to acquire six residences for Y15.6bn
CPPIB to invest in Japan with Mitsubishi Estate
J1planning sells building in Kiba, Koto-ku
B-Lot sells apartment building in Meguro-ku
Healthcare & Medical REIT to acquire 10 properties for Y11.4bn
Mitsubishi developing Aoyama apartment for single occupants
CapitaLand incorporates two properties into Japan fund
Japan's tallest skyscraper to include $43,000 a month apartments
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Latest NewsView all

Mitsubishi developing Aoyama apartment for single occupants
B-Lot sells apartment building in Meguro-ku
Healthcare & Medical REIT to acquire 10 properties for Y11.4bn
Hulic acquires new building in Azabu-Juban from Itochu
Nishitetsu to develop apartment near Kannai Station, Yokohama City
Takara Leben REIT to sell three office buildings
Kiuchi Construction unit constructing Ichigaya apartment building
Medical system developer Findex moving to Tokyo Sankei Building
J1planning sells building in Kiba, Koto-ku
NYK Line to build 10,000m2 complex near Onarimon Station in Minato-ku

Editors' Pick

Mitsui & Co. to secure data centers worth Y300bn
KKR makes first Japan property investment in Osaka office
Nippon Express to sell former HQ building for Y73.2bn
Hong Kong's BPEA acquires Osaka Midosuji hotel for over Y10bn
Hudson Yards developer Mitsui Fudosan ready to spend $6bn abroad
Nishitetsu selling two hotels due to Covid-19 pandemic
LaSalle acquires large retail facility beside Koshien Stadium in Hyogo
South Korean investor acquires seven new Tokyo apartments
JR Shinagawa Station to expand, increase stores and offices
Government to sell share of Otemachi Place for Y300bn
APL receives Y3.6bn for energy-saving renovation
Diamond Realty Management forms U.S. logistics development fund
ESR developing 105,000 m2 GFA warehouse in Kazo City, Saitama Prefecture
CapitaLand incorporates two properties into Japan fund

MORE SURVEYS AND ANALYSIS

CLOSING RENT SURVEY Our proprietary survey of closing rents for rental office buildings in Tokyo and Yokohama.
RETAIL RENT SURVEY Advertised rents and vacancies on major shopping streets in Ginza, Omotesando, Shinjuku, etc.
PROJECT MAP A map and list of the 100 large-scale office building development projects currently in progress in Tokyo.
OFFICE CAP RATES Quarterly cap rate survey on office building transactions, based on our proprietary estimation
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