Last Update: 01/24 2022 18:00 JST

NTT Urban acquires rental residence in Boston suburbs

Chiyoda-ku based NTT Urban Development acquired a rental residence in the suburbs of Boston, Massachusetts, U.S., through its local entity UD USA.

Dai-ichi Life acquires new apartment building in Nerima-ku

Dai-ichi Life Insurance acquired a newly constructed apartment building in Kasugacho, Nerima-ku. The seller was...

GLP Japan to develop its second Hiroshima logistics facility

Minato-ku based GLP Japan started the development of GLP Hiroshima II, which will be its second logistics facility in Hiroshima Prefecture. The company will invest approximately 10 billion yen [$85 million] as the total development cost.

List Development sells Shin-Yokohama building

Yokohama City's List Development sold an office building in Shin-Yokohama, Kohoku-ku, Yokohama City. The buyer was...

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...

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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.
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