Top - NIKKEI REAL ESTATE MARKET REPORT

Hong Kong investment company acquires Kabukicho hotel

Hong Kong’s investment company AB Capital Investment acquired a budget hotel in Kabukicho, Shinjuku-ku, through Glory Shield GK, which is a special purpose company invested in by the company. ≫

Nitori acquires former Tokyu Hands Ikebukuro Store

Sapporo City-based furniture chain Nitori acquired former Tokyu Hands Ikebukuro Store in Higashi-Ikebukuro, Toshima-ku, Tokyo. The company plans to... ≫

Takara Leben REIT to acquire Osaka City apartment building

REIT Takara Leben will acquire an apartment in Itachibori, Nishi-ku, Osaka City. The price is... ≫

Mitsubishi private REIT acquires new Kobe apartment building

Nippon Open Ended, which is a private REIT managed by Mitsubishi Jisho Investment Advisors of Chiyoda-ku, acquired a rental apartment building in Higure-Dori, Chuo-ku, Kobe City. ≫

Tokyo Tatemono developing 160,000 m2 complex in Kyobashi, Chuo-ku

The Kyobashi Sanchome East District Category I Urban Redevelopment Project is being planned. The outline of the project was disclosed in the materials submitted to the Ginza Machidukuri Council meeting, which was held recently in Chuo Ward. Tokyo Tatemono joined the redevelopment preparation association as a project partner and a project member. ≫

Heiwa REIT to conduct Y12.4bn asset replacement

Heiwa Real Estate REIT will acquire a total of five properties including office buildings in Nagoya City, Aichi Prefecture and Chiyoda-ku, Tokyo, and sell an office building in Minato-ku, Tokyo. The total transaction amount is approximately 12.47 billion yen [$94 million]. ≫

Vortex acquires Toranomon office building

Chiyoda-ku-based real estate company Vortex acquired an office building in Toranomon, Minato-ku. The company will... ≫

Taiwanese investors acquire retail portion from Keihan

Sogen Enterprises, which is based in the British Virgin Islands and invested in by wealthy Taiwanese investors, acquired the retail portion of an apartment building in Kunitachi City, Tokyo. ≫

LATEST NEWSMore

Fukuoka REIT, Fukuoka Jisho to acquire 40,000m2 of land 05.24.2022

Takara Leben REIT to acquire Osaka City apartment building 05.24.2022

NEC affiliate to entirely lease Shibaura Kodai Building 05.24.2022

Itochu REIT Management to relocate to Jimbocho Mitsui Building 05.24.2022

Nitori acquires former Tokyu Hands Ikebukuro Store 05.24.2022

Shimizu subsidiary developing office building in Hatchobori, Chuo-ku 05.24.2022

A.D. Works sells apartment building in Kitahama, Osaka 05.24.2022

Hong Kong investment company acquires Kabukicho hotel 05.24.2022

Mitsubishi private REIT acquires new Kobe apartment building 05.23.2022

Nichiigakkan returning over 1,800 tsubos of two Kanda-Surugadai buildings 05.23.2022

Transactions: 1Q 2022

Land Sales Boom

Transaction volume down 8% despite presence of mega deals

Although the real estate market is generally recovering from the impact of the Covid-19 pandemic, transaction volume in the first quarter of 2022 fell 8% year-on-year to the lowest first-quarter figure since 2013. Amid this, there were also approximately 2.5 times more land sales year-on-year in terms of transaction volume. REITs notably sold older office buildings and replaced them with newer buildings, which supported the market. ≫

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