Last Update: 01/18 2021 13:30 JST

Heiwa acquires Nihombashi office building

Heiwa Real Estate acquired an office and retail building in Nihombashi, Chuo-ku. The company announced that it will conduct external growth of its building business in its mid-term management plan. The transaction this time is part of such efforts.

Daiwa House developing two logistics facilities in Okinawa

Daiwa House Industry will start construction of two logistics facilities in Tomigusuku City, Okinawa Prefecture. The aggregate gross floor area of 123,172 m2 will be the largest among logistics facilities in Okinawa, according to Daiwa House Industry.

Horai purchases apartment building in Akihabara vicinity

Insurance and real estate company Horai acquired a rental apartment building in Soto-Kanda, Chiyoda-ku.

TSI Holdings to gain Y22.6bn on sale of two properties

TSI Holdings, an apparel company, will sell two properties in Shinjuku-ku and Minato-ku. The combined gain on sale will be approximately 22.59 billion yen [$210 million].

Sotsu purchases office building in Nihombashi-Hakozakicho

Chuo-ku real estate company Sotsu acquired an office property in Nihombashi-Hakozakicho, Chuo-ku.

Sun Frontier sells Nihombashi office building to GIC

Real estate company Sun Frontier Fudousan sold an office property in Higashi-Nihombashi, Chuo-ku. The buyer was SST West TMK, a special purpose company affiliated with Singaporean sovereign wealth fund GIC.



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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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