Mitsubishi, Nippon Life to build 170,000 m2 GFA warehouse in Sagamihara City

Mitsubishi Estate and Nippon Life Insurance started construction of a multi-tenant (MT) logistics facility in Fuchinobe, Chuo-ku, Sagamihara City, Kanagawa Prefecture. To be completed in December 2023, it will have five floors above ground and a gross floor area of approximately 170,900 m2.

Risa Partners sells Jimbocho office building

Special purpose company GK Takebashi, which is invested in by Risa Partners, sold an office building in Kanda-Jimbocho, Chiyoda-ku. The buyer was...

Open House acquires land in Kohoku New Town, Yokohama City

Chiyoda-ku-based Open House Development, which is under the umbrella of real estate company Open House Group, acquired 7,645 m2 of land in Kohoku New Town in Yokohama City. The seller was...

Itochu Property Development developing office building in Kanda-Sudacho

Minato-ku's Itochu Property Development and trading firm Itochu will jointly construct an office building in Kanda-Sudacho, Chiyoda-ku. Construction will start in June 2022, with completion targeted for November 2023.

Prudential Life to vacate Ichibancho Tokyu Building

Prudential Life Insurance is likely to terminate its lease contract for all of the office space it leases in Ichibancho Tokyu Building in Ichibancho, Chiyoda-ku. The company has not commented on...

Japan Pulp and Paper selling four buildings to Goldman Sachs

Japan Pulp and Paper will sell four buildings in Kachidoki, Chuo-ku, including two office buildings. The buyer is TMK River Bay Properties, a special purpose company for which Goldman Sachs Japan acts as an investment advisor. The four properties are...

Dai-ichi Life makes first apartment acquisitions outside Tokyo

Dai-ichi Life Insurance acquired three apartment buildings in Nagoya City and Osaka City. These are the first acquisitions of residential properties outside Tokyo for the company.

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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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