Goodman to acquire 460,000m2 of land in Tsukuba City

Chiyoda-ku based Goodman Japan will acquire 455,754 m2 of land in Oho, Tsukuba City, Ibaraki Prefecture. The price is approximately 11.03 billion yen [$84 million].

Japan REITs clouded by uncertainty over post-Kuroda BOJ

Foreign investors are starting to shun Japanese real estate investment trusts, bracing for a change in the ultraloose monetary policy that has underpinned the market as Bank of Japan Gov. Haruhiko Kuroda nears the end of his term in April.

Kyocera relocating to Tokyo Mita Redevelopment Project from 2023

Kyoto City based Kyocera, a major ceramics and electronics manufacturer, will sequentially relocate its Tokyo office to tentatively-named Tokyo Mita Redevelopment Project Office Tower, which is being constructed by Sumitomo Realty & Development, from spring 2023.

Artplan sells closed hotel in Fukuoka

Real Estate company Artplan of Chiyoda-ku sold former Hotel Sunline Fukuoka Ohori in Otemon, Chuo-ku, Fukuoka City. The buyer was...

United Urban to acquire retail store in Hachioji City, Tokyo

United Urban, which is a REIT affiliated with trading firm Marubeni, will acquire Gulliver Hachioji Minamino, which is a used car dealer in Minamino, Hachioji City, Tokyo.

Vortex acquires Kojimachi office building

Chiyoda-ku real estate company Vortex acquired an office building in Kojimachi, Chiyoda-ku, through a special purpose company. The company plans to...

Tokyu Livable acquires hotel in Nihombashi-Hakozakicho

Shibuya-ku-based Tokyu Livable, a real estate company of Tokyu Fudosan Holdings, acquired a hotel located in Nihombashi-Hakozakicho, Chuo-ku.

Credo Asset Management to develop first logistics facility in Saitama

Minato-ku based Credo Asset Management started the development plans for Credo Okegawa Ina, which is the company's first logistics facility.

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WHAT'S IN THE MONTHLY REPORT: JUNE 2022

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Major Overhaul of Shinjuku Station Revealed

Large-scale development projects underway in Nihombashi and Shibuya
A total of 108 large-scale office buildings, each with a gross floor area of at least 10,000 m2, are to be completed in the 23 wards of Tokyo in or after 2022 for an aggregate gross floor area reaching 12.51 million m2. The number of plans for buildings that were newly identified from last year’s survey was 24. The number of projects expected to be completed in 2030 or after has also increased.
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