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.

KKR nears deal to buy Hyatt Regency Tokyo

Odakyu Electric Railway is in talks to sell its Hyatt Regency Tokyo hotel to U.S. private equity firm KKR, Nikkei has learned, as the Japanese railway operator reevaluates its asset holdings amid the protracted coronavirus pandemic.

Hulic acquires Ginza building

Hulic acquired an office and retail building in Ginza, Chuo-ku. The sellers were...

Mitsui to develop six logistics properties

Mitsui Fudosan will develop six new logistics facilities in and outside Japan from 2023 onward. The number of logistics facilities developed by the company including the above will reach...

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WHAT'S IN THE MONTHLY REPORT: MAY 2022

Past Monthly Reports
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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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