Last Update: 01/28 2021 14:30 JST

Kenedix Residential Next to reshuffle assets in Tokyo

Kenedix Residential Next REIT will acquire an apartment building in Nakamarucho, Itabashi-ku. On the other hand, the REIT will transfer an apartment in Sendagaya, Shibuya-ku. With these transactions, the REIT’s acquisition price based AUM will be approximately 258.8 billion yen [$2.4 billion] in 156 properties.

Shinko Real Estate acquires apartment building in Sakaisuji-Hommachi, Osaka

Kobe City's Shinko Real Estate acquired a rental apartment building in Chuo-ku, Osaka City.

Nomura developing PMO brand office in Hatchobori, Chuo-ku

Nomura Real Estate Development will construct an office building in Irifune, Chuo-ku. It is the 17th Premium Midsize Office (PMO) series building in Chuo-ku following PMO Kayabacho II, and the fifth in the Hatchobori area.

Mirai REIT to acquire office building in Osaka’s Namba

Mirai REIT, which is affiliated with trading firm Mitsui & Co., will acquire an office building in Naniwa-ku, Osaka City. The acquisition price is...

Mitsubishi developing elderly housing in Shinagawa

Chiyoda-ku's Mitsubishi Estate Residence will construct an elderly housing in Kita-Shinagawa, Shinagawa-ku.

Nippon Tochi-Tatemono developing office building in Ichibancho, Chiyoda-ku

Chiyoda-ku's developer Nippon Tochi-Tatemono will construct a rental office building in Ichibancho, Chiyoda-ku. Construction will start in April 2021, with completion targeted for May 2022.

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WHAT'S IN THE MONTHLY REPORT: JANUARY 2021

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Local Markets: Fukuoka

Deregulation for Regeneration

City grants more FAR, pushes developers to design 'corona-free' buildings
While the spread of the coronavirus (Covid-19) infection is having an impact on the economies across Japan, a new initiative that induces building developments resistant to viruses was launched in Fukuoka City. The city aims to realize a "city prepared for infectious diseases," and to use it as an incentive for the attraction of new businesses. Investment needs in real estate in Fukuoka remains high even amid the Covid-19 crisis. Especially, moves to develop logistics facilities are becoming active and the investment areas are expanding.
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