Last Update: 10/18 2021 06:00 JST

Nomura Master Fund to acquire Amazon occupied warehouse for Y17bn

REIT Nomura Real Estate Master Fund will acquire a logistics facility for 17 billion yen [$150 million]. Amazon has rented the entire building since September 2021.

Japan Metropolitan Fund to acquire retail building in Funabashi City, Chiba

Japan Metropolitan Fund, which is a REIT affiliated with trading firm Mitsubishi Corporation, will acquire a retail building in Funabashi City, Chiba Prefecture. With this transaction, the REIT’s acquisition price based AUM will be approximately 1.19 trillion yen [$10 billion] in 129 properties.

NTT West developing hotel near Osaka Castle

Nippon Telegraph and Telephone West Corporation (NTT West) will redevelop the site of its headquarters, which has approximately 13,600 m2 of land area and is located adjacent to Osaka Castle Park.

JR West to construct new Sannomiya station building

West Japan Railway (JR West) revealed the plan of tentatively-named JR Sannomiya New Station Building which is under consideration in Kumoidori, Chuo-ku, Kobe City. It plans to construct a mixed-use building with a height of approximately 160 m and a gross floor area of approximately 100,000 m2 on the former site of Sannomiya Terminal Building.

Tosei sells office building in Yokohama

Real estate company Tosei sold an office property in Horaicho, Naka-ku, Yokohama City.

Daiichi Realter sells Ueno extended-stay hotel

Minato-ku's Daiichi Realter sold an extended-stay hotel in Kita-Ueno, Taito-ku. The structure has...

AXA acquires two Osaka properties for Y10.6bn from PGIM

AXA Investment Managers acquired two rental apartment buildings in Osaka. The seller was PGIM Real Estate and the acquisition price was 10.6 billion yen [$93 million].

Nippon Steel Kowa developing student accommodation in Setagaya-ku

The three companies of Nippon Steel Kowa of Minato-ku, Tokyu Land and Hokkyokusei Corporation of Minato-ku will jointly construct a student accommodation property in Minami-Karasuyama, Setagaya-ku.

LATEST NEWSMore

WHAT'S IN THE MONTHLY REPORT: OCTOBER 2021

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Feature: Data Centers

Hyperscale Hotspots

Amazon, Google take up large-scale Tokyo metropolitan area facilities
Development of large-scale data centers centering on “hyperscale data centers,” which correspond to cloud services, are increasing rapidly in the Tokyo metropolitan area. In addition to Inzai City, Chiba Prefecture where sites can easily be secured due to the new town development and where electricity and communications infrastructures have been developed, the development areas are also expanding to Saitama City and the 23 wards of Tokyo.
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