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Hulic and peers spend $1.5bn on Tokyo office tower deal

Hulic and peers spend $1.5bn on Tokyo office tower deal

A Japanese consortium that includes property developer Hulic has bought part of a skyscraper near Tokyo Station for about 230 billion yen [$1.49 billion], making it among the country's largest single-building transactions, Nikkei has learned.

Japanese life insurers expand investments in property amid inflation

Japanese life insurers expand investments in property amid inflation

B-Lot and Mebuki acquire Azabu-Juban serviced apartment building

B-Lot and Mebuki acquire Azabu-Juban serviced apartment building

Ardepro disposes of Hatchobori building

Ardepro disposes of Hatchobori building

Tobu Railway developing limited-service hotel near Tokyo Station

Tobu Railway developing limited-service hotel near Tokyo Station

Seibu Real Estate sells apartment building near HQ in Ikebukuro

Seibu Real Estate sells apartment building near HQ in Ikebukuro

LATEST NEWS

Hulic and peers spend $1.5bn on Tokyo office tower deal

Hulic and peers spend $1.5bn on Tokyo office tower deal

Japanese life insurers expand investments in property amid inflation

Japanese life insurers expand investments in property amid inflation

Ardepro disposes of Hatchobori building

Ardepro disposes of Hatchobori building

Loadstar acquires apartment in Bunkyo-ku

Loadstar acquires apartment in Bunkyo-ku

Faith Network developing apartment building in Hiroo vicinity

Faith Network developing apartment building in Hiroo vicinity

B-Lot and Mebuki acquire Azabu-Juban serviced apartment building

B-Lot and Mebuki acquire Azabu-Juban serviced apartment building

Nomura acquires building on Kaigan-dori Street in Minato-ku

Nomura acquires building on Kaigan-dori Street in Minato-ku

Tobu Railway developing limited-service hotel near Tokyo Station

Tobu Railway developing limited-service hotel near Tokyo Station

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EDITORS' PICK

GLP investing Y300bn to develop cold storage in Kawasaki

GLP investing Y300bn to develop cold storage in Kawasaki

GLP Japan, under the umbrella of Ares Management of the U.S., signed a purchase agreement to acquire part of a plant site in Ogishima, Kawasaki-ku, Kawasaki City.

UK’s Aberdeen, Hong Kong’s Weave acquire Tokyo apartment buildings

UK’s Aberdeen, Hong Kong’s Weave acquire Tokyo apartment buildings

Yasuda and UR developing buildings in Kanda-Nishikicho redevelopment area

Yasuda and UR developing buildings in Kanda-Nishikicho redevelopment area

JMF-funded SPC to acquire 17 Seiyu leased sites

JMF-funded SPC to acquire 17 Seiyu leased sites

Hulic acquires Ginza building from Singaporean REIT

Hulic acquires Ginza building from Singaporean REIT

Sumitomo Forestry developing apartment buildings in Phoenix, U.S.

Sumitomo Forestry developing apartment buildings in Phoenix, U.S.

Lone Star acquires rental housing portfolio in Chuo-ku (corrected)

Lone Star acquires rental housing portfolio in Chuo-ku (corrected)

Mori Building tackles 1st redevelopment project in New York

Mori Building tackles 1st redevelopment project in New York

Brookfield enters Japan housing market with $627m deal in 4 urban centers

Brookfield enters Japan housing market with $627m deal in 4 urban centers

Hulic acquires second logistics facility in Las Vegas

Hulic acquires second logistics facility in Las Vegas

MOST READ

Tobu Railway developing limited-service hotel near Tokyo Station

Daiwa House sells Ariake apartment building and retail facility

Totsu Fudosan Toshi sells Toranomon office building

Seibu Real Estate sells apartment building near HQ in Ikebukuro

Sumitomo Corp sells Jimbocho office building

Tokyu Corp acquires Setagaya-ku serviced apartment building

J1planning sells Shibuya-ku building and Ota-ku development site

B-Lot sells rental apartment building in Meguro-ku

United Urban REIT to invest in hotel construction project in Hakone

Sun Frontier purchases Jingumae retail building

Sumitomo Corporation acquires office building in Hamamatsucho, Minato-ku

Fujita acquires apartment building near Toranomon Hills

Properst sells new apartment buildings in Shinjuku-ku and Bunkyo-ku

MTG to open new office in Shinagawa Season Terrace

Mitsubishi to develop office and residential building in Uchi-Kanda

Seibu, Tokyo Century to acquire buildings of Garden Terrace Kioicho

Tokyo Century to relocate to Hibiya Crosspark South Tower

Mitsubishi UFJ Trust and Banking developing hotel in Ueno

“Minnade Oyasan” license revoked over selling while hiding uncollected rents

Daiwa House acquires cinema in Osaka’s Shinsekai

Mori Building tackles 1st redevelopment project in New York

Seibu, Tokyo Century to acquire buildings of Garden Terrace Kioicho

Lone Star acquires rental housing portfolio in Chuo-ku (corrected)

Daiichi Realtor sells extended-stay hotel in Ueno vicinity

Hoosiers developing apartment building in Shinjuku

Sumitomo Corporation acquires office building in Hamamatsucho, Minato-ku

Vortex acquires Osaka retail building

Mitsubishi UFJ Trust and Banking developing hotel in Ueno

Fujita acquires apartment building near Toranomon Hills

Daiwa House acquires cinema in Osaka’s Shinsekai

Sakae and Meieki Compete

MONTHLY REPORTS

WHAT'S IN THE MONTHLY EDITION: SEPTEMBER 2026

Local Markets: Nagoya

Sakae and Meieki Compete

- Testing rent upside beyond 40,000 yen per tsubo

In the Nagoya office market, a case where a contract was concluded at 40,000 yen per tsubo [$74 per m²] was seen. Sakae and Meieki, the two poles of the office market, are reinforcing each other, causing continued rent growth. Due to strong tenant demand, investor interest continues to increase. However, people in the real estate industry appear subdued. A project to redevelop Nagoya Station area, which was expected to be a catalyst for the local economy, returned to square one at the end of last year due to the withdrawal of the general contractor. This report shows the untold turmoil during that time.

Under Construction Survey | Deals Roundup | Relocation Update | News Digest

TRENDS

Kasumigaseki Capital sells site in Miami, U.S., to Japanese fund

Kasumigaseki Capital sells site in Miami, U.S., to Japanese fund

“Minnade Oyasan” license revoked over selling while hiding uncollected rents

GLP Japan’s latest fund completes closing with investment exceeding Y600bn

Sumitomo Forestry developing apartment buildings in Phoenix, U.S.

Hulic acquires rental apartment building near Los Angeles

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DEALS

Ardepro disposes of Hatchobori building

Ardepro disposes of Hatchobori building

Loadstar acquires apartment in Bunkyo-ku

B-Lot and Mebuki acquire Azabu-Juban serviced apartment building

Nomura acquires building on Kaigan-dori Street in Minato-ku

J1planning sells Shibuya-ku building and Ota-ku development site

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PROJECTS

Faith Network developing apartment building in Hiroo vicinity

Faith Network developing apartment building in Hiroo vicinity

Tobu Railway developing limited-service hotel near Tokyo Station

United Urban REIT to invest in hotel construction project in Hakone

Mitsubishi to develop office and residential building in Uchi-Kanda

Mitsubishi UFJ Trust and Banking developing hotel in Ueno

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TENANTS

MTG to open new office in Shinagawa Season Terrace

MTG to open new office in Shinagawa Season Terrace

Tokyo Century to relocate to Hibiya Crosspark South Tower

Comture consolidating five offices into Takanawa Gateway City

Kiddy Land to relocate to Italian Cultural Institute Building

Mitsui O.S.K. Lines considers move into Akasaka 2/6-Chome Development Project

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STATS

What Happens to Demolished Office Buildings?

What Happens to Demolished Office Buildings?

More Expecting Downturn Phase in Six Months

Tokyo Office Rents to Rise 16% Over Next Five Years

Logistics Facility Vacancy Rate in Greater Tokyo Area Drops

Real estate industry loans remain strong, outstanding loans exceed Y140tn

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LOCAL

Daiwa House acquires cinema in Osaka’s Shinsekai

Daiwa House acquires cinema in Osaka’s Shinsekai

Ookini Building acquires retail building in Osaka Amerikamura

Vortex acquires Osaka retail building

Sosila Logistics REIT to acquire industrial facility in Sendai

Mitsui & Co. Digital Asset Management tokenizing Fukuoka retail building

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BUSINESS

Hulic and peers spend $1.5bn on Tokyo office tower deal

Hulic and peers spend $1.5bn on Tokyo office tower deal

Japanese life insurers expand investments in property amid inflation

Japanese life insurers expand investments in property amid inflation

Ares sets up $4bn fund for logistics centers, drawing global investors

Ares sets up $4bn fund for logistics centers, drawing global investors

Japan to weigh condo sale tax change to curb speculation

Japan to weigh condo sale tax change to curb speculation

Itochu expands into data centers, targets 10 facilities across Japan

Itochu expands into data centers, targets 10 facilities across Japan

Mitsubishi Logistics to build 2 distribution centers in US for $40m

Mitsubishi Logistics to build 2 distribution centers in US for $40m

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DATA

Transaction Data

73 Transactions Data - Up to May, 2009

2009.6.25

103 Transactions Data - Up to April, 2009

2009.5.29

74 Transactions Data - Up to March, 2009

2009.4.30

81 Transactions Data - Up to February, 2009

2009.3.31

3360 Transactions Data - Up to January, 2009 ( CSV only )

2010.1.7

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