NIKKEI REAL ESTATE MARKET REPORT

Last Update: 12/02 2021 15:30 JST
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JMF reshuffling assets worth Y63.2bn in total

REIT Japan Metropolitan Fund (JMF), which is affiliated with Mitsubishi Corporation, decided to reshuffle approximately 63.25 billion yen [$540 million] worth of its assets. The counterpart of all these transactions is Hulic. ≫

Japan Metropolitan Fund selling Aoyama retail building for Y10.1bn

Japan Metropolitan Fund (JMF), a REIT affiliated with trading house Mitsubishi Corporation, sold a retail facility in Minami-Aoyama, Minato-ku. The price was 10.11 billion yen [$87 million]. ≫

Daiwa House lists Y71bn REIT in Singapore

Daiwa House Industry listed a REIT, Daiwa House Logistics Trust (DHLT), on the Singapore Exchange. Its initial portfolio is... ≫

NBF acquires additional interest in Yokohama office building

Nippon Building Fund (NBF), a REIT sponsored by Mitsui Fudosan, acquired part of an office building in Kitasaiwai, Nishi-ku, Yokohama City. With this transaction, the AUM of the REIT increased to approximately 1.37 trillion yen [$12 billion] on an acquisition price basis. ≫

Rakuten adding floors leased in NBF Shinagawa Tower

Setagaya-ku's e-commerce company Rakuten Group will lease slightly less than 4,000 tsubos [13,200 m2] of floor area in NBF Shinagawa Tower in Konan, Minato-ku, according to sources. The company has its office in the building and will additionally lease an estimated ten floors this time. ≫

Prologis REIT to acquire three properties for Y57.7bn

Nippon Prologis REIT will acquire three logistics facilities. The total acquisition price is 57.7 billion yen [$490 million]. With these transactions, the REIT’s acquisition price based AUM will be approximately 816.05 billion yen [$7 billion]. ≫

LATEST NEWSMore

JMF reshuffling assets worth Y63.2bn in total
Japan Metropolitan Fund selling Aoyama retail building for Y10.1bn
NBF acquires additional interest in Yokohama office building
Mitsui O.S.K. Lines to make TOB for Daibiru
Daiwa House lists Y71bn REIT in Singapore
Childcare Asset Management purchases building in Shinjuku-ku
Palma sells new self-storage facility in Setagaya-ku
Shibuya office-retail building changes hands
Rakuten adding floors leased in NBF Shinagawa Tower
Supplement company Miki Corporation moving to Shibuya Hikarie

WHAT'S IN THE MONTHLY REPORT: NOVEMBER 2021

Past Monthly Reports
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Area in Focus: Ginza

Unseen Level of Store Vacancies

Luxury brands opening stores, but transactions at all-time low
Ginza is finally starting to see the light of day after Covid-19. Luxury brands are increasing demand to open stores on high streets like Chuo-dori Street and Harumi-dori Street, and the retail rental market is showing signs of improvement. On the other hand, there are fewer properties for sale than ever before and conclusion of transactions have become even less frequent, resulting in the number of sales transactions reached a record low as surveyed by the Nikkei Real Estate Market Report. ≫
Transactions: 3Q 2021 | Occupier Market | Market Knowledge | Deals Roundup | Relocation Update | News Digest

TRENDS

More
Mitsui O.S.K. Lines to make TOB for Daibiru
Fire at GLP J-REIT asset, impact on performance unclear (updated)
Kasumigaseki Capital, Mitsubishi HC Capital jointly developing logistic facilities
Sumitomo Forestry to develop 3,000 U.S. homes for rent
Genkai Capital invests in India slum redevelopment project
Mitsui & Co. sells California rental housing for $156mn
Ryusuke Shigetomi appointed chairman of Blackstone’s Japanese arm
Jon Tanaka to head up Hines investments in Japan
Samty to form REIT specializing in hotels
Keio Corp, Keio Reality to incentivize tenants along Keio Line

DEALS

More
JMF reshuffling assets worth Y63.2bn in total
Japan Metropolitan Fund selling Aoyama retail building for Y10.1bn
NBF acquires additional interest in Yokohama office building
Daiwa House lists Y71bn REIT in Singapore
Childcare Asset Management purchases building in Shinjuku-ku
Palma sells new self-storage facility in Setagaya-ku
Shibuya office-retail building changes hands
Prologis REIT to acquire three properties for Y57.7bn
Haseko acquires apartment building in Namba area
Kenedix Residential Next to conduct Y9.7bn in asset replacements

PROJECTS

More
Daiwa House to develop 458-unit apartment tower in Konan, Minato-ku
Kousai Kaikan to be reconstructed to 36,400 m2 GFA building
Mitsubishi Corp developing logistics facility in Suita City, Osaka
Sekisui House developing condominium in Shibuya vicinity
Daiwa House developing for-sale condominium in Shinjuku-ku
Nomura developing PMO brand office, 3rd in Shimbashi area
Cosmos Initia developing rental apartment in Sumida-ku
Mitsubishi developing compact office building in Hanzomon
Yamato reconstructing building it owns on Ginza Showa-dori Street
Arealink secures self-storage facility site in Ebara, Shinagawa-ku

TENANTS

More
Rakuten adding floors leased in NBF Shinagawa Tower
Supplement company Miki Corporation moving to Shibuya Hikarie
Trading firm Nagase leasing 2,300 tsubos in Tokiwabashi Tower
Dai-Ichi Building, Sohgo Housing moving to Art Village Osaki
Hamamatsu Photonics relocating Tokyo Sales Office to Tokiwabashi Tower
Converse Japan leasing Jingumae building in its entirety
Yamazen to lease 1,500 tsubos in Ariake Central Tower
Sankei Building Management moving to Hibiya Central Building
System operating company relocating to Nittochi Uchisaiwaicho Building
Apparel company Nolley's to move into Kyocera Harajuku Building

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
Daiwa House to debut logistics business in Southeast Asia
SoftBank-backed fund to acquire Japan's golf course operator Accordia
Is Mount Fuji dormant? Companies prepare for X-Day
Imperial Hotel Tokyo's palatial makeover unveiled
Japan's restaurants and hotels welcome life after state of emergency
Tokyo Tower to headline new retail district in Japan's capital
British Embassy in Tokyo to sell part of land to Mitsubishi Estate
Japanese rail group Seibu to sell construction unit amid COVID slump
Japan's GPIF to avoid yuan-denominated Chinese sovereign bonds
Mitsubishi asks subcontractors to disclose carbon emissions

Most Read Articles

Today
Weekly
Monthly
Daiwa House lists Y71bn REIT in Singapore
JMF reshuffling assets worth Y63.2bn in total
Rakuten adding floors leased in NBF Shinagawa Tower
Childcare Asset Management purchases building in Shinjuku-ku
Japan Metropolitan Fund selling Aoyama retail building for Y10.1bn
NBF acquires additional interest in Yokohama office building
Palma sells new self-storage facility in Setagaya-ku
Mitsui O.S.K. Lines to make TOB for Daibiru
Fire at GLP J-REIT asset, impact on performance unclear (updated)
Supplement company Miki Corporation moving to Shibuya Hikarie
Daily headline feeds feeds-btn

Latest NewsView all

JMF reshuffling assets worth Y63.2bn in total
Japan Metropolitan Fund selling Aoyama retail building for Y10.1bn
NBF acquires additional interest in Yokohama office building
Mitsui O.S.K. Lines to make TOB for Daibiru
Daiwa House lists Y71bn REIT in Singapore
Childcare Asset Management purchases building in Shinjuku-ku
Palma sells new self-storage facility in Setagaya-ku
Shibuya office-retail building changes hands
Rakuten adding floors leased in NBF Shinagawa Tower
Supplement company Miki Corporation moving to Shibuya Hikarie

Editors' Pick

Mitsui & Co. sells California rental housing for $156mn
Jon Tanaka to head up Hines investments in Japan
Ryusuke Shigetomi appointed chairman of Blackstone’s Japanese arm
AXA sells new Roppongi building to South Korean company
AXA acquires new Meguro-ku office building
Toyo Tire acquires high-rise apartment with defective seismic isolation
Nomura Master Fund to acquire Amazon occupied warehouse for Y17bn
AXA acquires two Osaka properties for Y10.6bn from PGIM
Sumitomo Forestry and others to develop Seattle suburb apartment
Japan Metropolitan Fund invests in mezzanine loan claim
NTT Urban, Sumitomo Forestry developing Melbourne wooden office building
Mitsui and Shibaura Machine to build 130,000 m2 GFA warehouse
Japan Post to sell 32 accommodation facilities to Fortress, etc.
CBRE GI developing urban-type logistics facility in Yokohama
Kajima acquires Atami Beach Line for over Y10bn

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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