NIKKEI REAL ESTATE MARKET REPORT

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Kasumigaseki Capital forms fund with six Nagoya buildings

GK KCR2 acquired six rental apartment buildings in Nagoya City. GK KCR2 is a special purpose company whose assets are managed by Kasumigaseki Capital. The largest of the six buildings is... ≫

Takara Leben REIT to acquire nine properties for Y11.1bn

REIT Takara Leben will acquire one retail facility and eight residential properties for a total of approximately 11.19 billion yen [$82 million]. The REIT explained that this will... ≫

Osaka Metro to construct Namba retail and office building

Subway operator Osaka Metro will construct a rental building consisting of office and retail floors in Namba, Osaka. ≫

Sapporo Real Estate to build 14,000m2 GFA Sapporo building

Shibuya-ku-based Sapporo Real Estate, which is a subsidiary of major brewer Sapporo Holdings, will redevelop land it owns in Kita-4jo-Higashi, Chuo-ku, Sapporo City. It intends to construct a building with... ≫

Jinushi Private REIT acquires leased site of supermarket in Setagaya-ku

Jinushi Private REIT purchased 2,813 m2 of land in Kita-Karasuyama, Setagaya-ku. The seller was... ≫

B-Lot acquires Ichibancho building from German maritime shipping giant

B-Lot acquired Hapag-Lloyd House in Ichibancho, Chiyoda-ku, from the Japanese arm of major German maritime shipping company Hapag-Lloyd. B-Lot plans to... ≫

Dai-ichi Life acquires apartment building in Setagaya-ku

Dai-ichi Life Insurance acquired a rental apartment building in Ikejiri, Setagaya-ku. In recent years, Dai-ichi Life Insurance has been diversifying its real estate portfolio in order to ensure medium to long-term stability of income. ≫

LATEST NEWSMore

Suzumo Machinery relocating to Nakano Central Park, expanding space
Mitsubishi developing compact office building in Kanda-Ogawamachi
Kasumigaseki Capital forms fund with six Nagoya buildings
Shin-Nihon Tatemono sells apartment building in Otsuka, Toshima-ku
Takara Leben REIT to acquire nine properties for Y11.1bn
Apple Store in Tokyo's Ginza moves to groundbreaking wood building
Ardepro purchases 900 m2 of land in Itabashi-ku
Valuence Holdings moving to Minami-Aoyama Go-Chome Project
Jinushi Private REIT acquires leased site of supermarket in Setagaya-ku
Sapporo Real Estate to build 14,000m2 GFA Sapporo building

WHAT'S IN THE MONTHLY REPORT: AUGUST 2022

Past Monthly Reports
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Transactions: 2Q 2022

Transaction Volume Falls 40%

Reverberations of REIT market slump
Transaction volume in the second quarter of 2022 fell by an impressive 40% year-on-year, due in part to the slump in the REIT market. Against the backdrop of rising interest rates worldwide, the prices of investment units are on a stagnating trend and both the amount of funds raised and the quarterly figures for total amount of purchases hit decade lows. On the other hand, land transactions remained robust, with transaction volume for such growing more than three times year-on-year. ≫
Occupier Market | Market Knowledge | Deals Roundup | Relocation Update | News Digest

TRENDS

More
Nishi-Nippon Railroad to develop for-sale condominium community in Philippines
Nuveen to form senior housing fund in Japan
GPIF’s real estate investment reaches Y770bn
Itochu’s private REIT launches with six properties worth Y14bn
SESC recommends administrative dispositions against Es-Con Asset Management
AIC expands business by joining Watahan group
FPG to launch U.S. real estate collective investment business
Mitsui & Co., Japan Post Insurance to partner in real estate investment
Condo developer Ascot launches first private fund for overseas investors
Three Japanese companies acquire rental residence in Seattle

DEALS

More
Kasumigaseki Capital forms fund with six Nagoya buildings
Shin-Nihon Tatemono sells apartment building in Otsuka, Toshima-ku
Takara Leben REIT to acquire nine properties for Y11.1bn
Ardepro purchases 900 m2 of land in Itabashi-ku
Jinushi Private REIT acquires leased site of supermarket in Setagaya-ku
Hankyu Hanshin Properties developing apartment in Ikebukuro
B-Lot acquires Ichibancho building from German maritime shipping giant
City Homes sells retail building in Shinagawa-ku
Dai-ichi Life acquires apartment building in Setagaya-ku
H2O Retailing selling Umeda land, gaining Y4.9bn

PROJECTS

More
Mitsubishi developing compact office building in Kanda-Ogawamachi
Sapporo Real Estate to build 14,000m2 GFA Sapporo building
Osaka Metro to construct Namba retail and office building
Hankyu Hanshin Properties developing apartment in Ikebukuro
Mitsubishi acquires two older buildings in Shimbashi
Ardepro sells older building in Nihombashi-Koamicho
Meiho Enterprise acquires development site in Setagaya-ku
Daiwa House developing mixed-use building in Yokohama City
Keikyu Real Estate acquires development site in Omori, Ota-ku
Tokyo Gas Real Estate starts first student dormitory developments

TENANTS

More
Suzumo Machinery relocating to Nakano Central Park, expanding space
Valuence Holdings moving to Minami-Aoyama Go-Chome Project
Japan Energy Saving Housing moving to Akihabara UDX
Nihon Sekkei to relocate to Toranomon Hills Mori Tower
Cloud Ace to relocate to Tokyo Sankei Building
Zenkankyo Reiwa Insurance relocating to Urbannet Otemachi Building
Mobile Factory relocating to TK Ikedayama Building
Sanyo Special Steel moving into Nippon Steel Nihombashi Building
Kumahira moving to Nihonbashi Mitsui Tower
i-Pro moving to Shinagawa Intercity Tower A

STATS

More
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
Apple Store in Tokyo's Ginza moves to groundbreaking wood building
Wood replaces steel as Japan builders fight climate change
Japan real estate lures Hong Kong, Singapore buyers with weak yen
SoftBank accelerates asset sales in race for cash
Tokyo eyes flying-car landing pads atop skyscrapers
COVID in Japan shuts one in 10 hotels and travel agencies
Top Asian REIT Link turns focus outside flagging Hong Kong
Japan's H.I.S. considers selling resort Huis Ten Bosch
Japanese developer to dangle 'workation' perk to homeowners
Weak yen and cheap money keep Japan's property market booming

Most Read Articles

Today
Weekly
Monthly
Kasumigaseki Capital forms fund with six Nagoya buildings
Takara Leben REIT to acquire nine properties for Y11.1bn
Apple Store in Tokyo's Ginza moves to groundbreaking wood building
M&G sells Toyosu and Shibuya offices
JRE to additionally acquire Otemachi Financial City for Y6.4bn
Nuveen to form senior housing fund in Japan
Loan balance to real estate industry reaches record Y112tn
M&G acquires Y50bn worth of rental apartments from Blackstone
Netflix moving into Tokyo Midtown East
Tokyo Tatemono developing 160,000 m2 complex in Kyobashi, Chuo-ku
Daily headline feeds feeds-btn

Latest NewsView all

Suzumo Machinery relocating to Nakano Central Park, expanding space
Mitsubishi developing compact office building in Kanda-Ogawamachi
Kasumigaseki Capital forms fund with six Nagoya buildings
Shin-Nihon Tatemono sells apartment building in Otsuka, Toshima-ku
Takara Leben REIT to acquire nine properties for Y11.1bn
Apple Store in Tokyo's Ginza moves to groundbreaking wood building
Ardepro purchases 900 m2 of land in Itabashi-ku
Valuence Holdings moving to Minami-Aoyama Go-Chome Project
Jinushi Private REIT acquires leased site of supermarket in Setagaya-ku
Sapporo Real Estate to build 14,000m2 GFA Sapporo building

Editors' Pick

Nuveen to form senior housing fund in Japan
Gaw and Qatar Investment Authority acquire 32 residences in Japan
M&G sells Toyosu and Shibuya offices
Alyssa Partners acquired two Nagoya apartment buildings
Japan's H.I.S. considers selling resort Huis Ten Bosch
Sumitomo Life and others acquire 105,000 m2 of land in Daito City, Osaka
Hulic acquiring additional ownership interest in Ginza Core Building
Tokyu Land developing 4,800 m2 GFA office building in Shibuya
Sumitomo Life, Fukuoka Jisho to develop Fukuoka office building
Fujita developing office building in Sendagaya, Shibuya-ku
Weak yen and cheap money keep Japan's property market booming
GLP Japan to develop two logistics facilities in Hiratsuka City
First-Corporation sells apartment building in Ryogoku, Sumida-ku
Itochu’s private REIT launches with six properties worth Y14bn

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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