NIKKEI REAL ESTATE MARKET REPORT

Last Update: 01/21 2022 17:00 JST
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GLP Japan to develop its second Hiroshima logistics facility

Minato-ku based GLP Japan started the development of GLP Hiroshima II, which will be its second logistics facility in Hiroshima Prefecture. The company will invest approximately 10 billion yen [$85 million] as the total development cost. ≫

List Development sells Shin-Yokohama building

Yokohama City's List Development sold an office building in Shin-Yokohama, Kohoku-ku, Yokohama City. The buyer was... ≫

Healthcare & Medical REIT to acquire 10 properties for Y11.4bn

Healthcare & Medical REIT, the sponsors of which include Ship Healthcare Holdings and NEC Capital Solutions, will acquire 10 properties including fee-based elderly nursing homes for an approximate total of 11.44 billion yen [$97 million]. ≫

Hulic acquires new building in Azabu-Juban from Itochu

Hulic acquired a newly constructed building in Mita, Minato-ku from trading firm Itochu. Hulic will... ≫

B-Lot sells apartment building in Meguro-ku

Real estate company B-Lot sold a rental apartment building in Meguro-Honcho, Meguro-ku. The buyer was... ≫

Takara Leben REIT to sell three office buildings

REIT Takara Leben will sell three office buildings in Osaka City and Yamagata City. With these transactions, the REIT’s acquisition price-based AUM will be approximately 107.8 billion yen [$910 million]. ≫

CPPIB to invest in Japan with Mitsubishi Estate

Canada Pension Plan Investment Board (CPP Investments) will start investing in real estate in Japan in collaboration with the Mitsubishi Estate group. The initial equity is... ≫

LATEST NEWSMore

Japan retailers Nitori and Donki speed Southeast Asian push
Video creation company relocating to Ebisu SS Building
Fine Today Shiseido moving to Shinagawa Grand Central Tower
GLP Japan to develop its second Hiroshima logistics facility
Open House disposes building beside Mikage Station in Kobe City
Loadstar subsidiary sells Kanda building to Vortex
Nihon Setsubi Kogyo moving into Daiwa River Gate
B-Lot purchases retail building in Koyama, Shinagawa-ku
Kanematsu Advanced Materials concentrating offices to VPO Higashi-Nihombashi
Kobe Sannomiya land changes hands

WHAT'S IN THE MONTHLY REPORT: JANUARY 2022

Past Monthly Reports
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Local Markets: Fukuoka

Office Market Still Strong

First Tenjin Big Bang property completed, signs of recovery in hotel investments
In Fukuoka, Tenjin Business Center, which is the first property in the redevelopment promotion project “Tenjin Big Bang,” was completed in September 2021. It realized the highest level of contracted rent among the office buildings in the city, which had an affect on the market rent of buildings in the surrounding area. As for transactions in the central area, the needs to acquire rental apartments are increasing and hotel investments, which remained sluggish for a long time, are also becoming active. ≫
Analyst Survey | Market Knowledge | Deals Roundup | Relocation Update | News Digest

TRENDS

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CPPIB to invest in Japan with Mitsubishi Estate
JMF to increase private REIT ownership ratio to 17%
Mitsui & Co. to secure data centers worth Y300bn
Grit Partners acquires real estate company Liv-up
Norinchukin Bank group to form private REIT
Star Asia REIT to conduct sixth mezzanine loan investment
JR Kyushu forms private REIT, commence operations next spring
Diamond Realty Management forms U.S. logistics development fund
APL receives Y3.6bn for energy-saving renovation
Mitsui O.S.K. Lines to make TOB for Daibiru

DEALS

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GLP Japan to develop its second Hiroshima logistics facility
Open House disposes building beside Mikage Station in Kobe City
Loadstar subsidiary sells Kanda building to Vortex
B-Lot purchases retail building in Koyama, Shinagawa-ku
Kobe Sannomiya land changes hands
Ichigo subsidiary acquires new apartment in Asakusa vicinity
List Development sells Shin-Yokohama building
A.D. Works disposes Asakusabashi building
Mitsubishi developing Aoyama apartment for single occupants
B-Lot sells apartment building in Meguro-ku

PROJECTS

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GLP Japan to develop its second Hiroshima logistics facility
Mitsubishi developing Aoyama apartment for single occupants
Nishitetsu to develop apartment near Kannai Station, Yokohama City
Kiuchi Construction unit constructing Ichigaya apartment building
NYK Line to build 10,000m2 complex near Onarimon Station in Minato-ku
Tokyu Livable to construct apartment building in Ebisu, Shibuya-ku
Nomura developing retail facility in Kiba, Koto-ku
GLP flagship logistics facilities opening in Tokyo metropolitan area
Mitsubishi Logistics constructing 35,000 m2 GFA facility in Kaigan, Minato-ku
Higashi-Gotanda Redevelopment targets completion in 2027

TENANTS

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Video creation company relocating to Ebisu SS Building
Fine Today Shiseido moving to Shinagawa Grand Central Tower
Nihon Setsubi Kogyo moving into Daiwa River Gate
Kanematsu Advanced Materials concentrating offices to VPO Higashi-Nihombashi
Medical system developer Findex moving to Tokyo Sankei Building
Staffing company moving to Bygs Shinjuku Building, expanding office space
Cyber Security Cloud moving to JR Tokyu Meguro Building
Semiconductor company Infineon leasing at NBF Shibuya Garden Front
IT consulting firm relocating to Akasaka Center Building
Game developer Creatures moving to new Kudan building

STATS

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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

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Japan retailers Nitori and Donki speed Southeast Asian push
Japan's tallest skyscraper to include $43,000 a month apartments
Hudson Yards developer Mitsui Fudosan ready to spend $6bn abroad
Government to sell share of Otemachi Place for Y300bn
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

Most Read Articles

Today
Weekly
Monthly
Tokyo to sell Ariake land to Konami and TV Asahi
Successful tender by sponsor leads to Invesco Office J-REIT delisting
Daiwa House REIT to acquire 16 properties for Y97bn
B-Lot purchases retail building in Koyama, Shinagawa-ku
Retail and office building in Shibuya-ku changed hands
GLP Japan to develop its second Hiroshima logistics facility
Video creation company relocating to Ebisu SS Building
JA Mitsui Leasing starts operating warehouse in Takatsuki City, Osaka
Loadstar subsidiary sells Kanda building to Vortex
Healthcare & Medical REIT to acquire 10 properties for Y11.4bn
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Latest NewsView all

Japan retailers Nitori and Donki speed Southeast Asian push
Video creation company relocating to Ebisu SS Building
Fine Today Shiseido moving to Shinagawa Grand Central Tower
GLP Japan to develop its second Hiroshima logistics facility
Open House disposes building beside Mikage Station in Kobe City
Loadstar subsidiary sells Kanda building to Vortex
Nihon Setsubi Kogyo moving into Daiwa River Gate
B-Lot purchases retail building in Koyama, Shinagawa-ku
Kanematsu Advanced Materials concentrating offices to VPO Higashi-Nihombashi
Kobe Sannomiya land changes hands

Editors' Pick

Mitsui & Co. to secure data centers worth Y300bn
KKR makes first Japan property investment in Osaka office
Nippon Express to sell former HQ building for Y73.2bn
Hong Kong's BPEA acquires Osaka Midosuji hotel for over Y10bn
Hudson Yards developer Mitsui Fudosan ready to spend $6bn abroad
Nishitetsu selling two hotels due to Covid-19 pandemic
LaSalle acquires large retail facility beside Koshien Stadium in Hyogo
South Korean investor acquires seven new Tokyo apartments
JR Shinagawa Station to expand, increase stores and offices
Government to sell share of Otemachi Place for Y300bn
APL receives Y3.6bn for energy-saving renovation
Diamond Realty Management forms U.S. logistics development fund
ESR developing 105,000 m2 GFA warehouse in Kazo City, Saitama Prefecture
CapitaLand incorporates two properties into Japan fund

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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