NIKKEI REAL ESTATE MARKET REPORT

Last Update: 10/15 2021 15:00 JST
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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

British Embassy in Tokyo to sell part of land to Mitsubishi Estate
NTT West developing hotel near Osaka Castle
Singapore Airlines relocating Japan branch to WeWork in Kanda Square
Nomura Master Fund to acquire Amazon occupied warehouse for Y17bn
Japan Metropolitan Fund to acquire retail building in Funabashi City, Chiba
JR West to construct new Sannomiya station building
Daiichi Realter sells Ueno extended-stay hotel
Tosei sells office building in Yokohama
AXA acquires two Osaka properties for Y10.6bn from PGIM
Ruf sells land in Aobadai, Meguro-ku

WHAT'S IN THE MONTHLY REPORT: OCTOBER 2021

Past Monthly Reports
cover image
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. ≫
Occupier Market | Market Knowledge | Deals Roundup | Relocation Update | News Digest

TRENDS

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Sumitomo Forestry and others to develop Seattle suburb apartment
Japan Metropolitan Fund invests in mezzanine loan claim
NTT Urban, Sumitomo Forestry developing Melbourne wooden office building
Es-Con to invest $1mn in U.S. fund
CapitaLand to invest Y100bn more in Japanese real estate
Dear Life to acquire real estate company
Kenedix forms residential fund for rental detached housing
Es-Con to acquire Osaka real estate companies for Y29.8bn
Es-Con invests in value improvement project in Honolulu
UR to sell over 10,000m2 of land in Kawasaki

DEALS

More
Nomura Master Fund to acquire Amazon occupied warehouse for Y17bn
Japan Metropolitan Fund to acquire retail building in Funabashi City, Chiba
Daiichi Realter sells Ueno extended-stay hotel
Tosei sells office building in Yokohama
AXA acquires two Osaka properties for Y10.6bn from PGIM
Ruf sells land in Aobadai, Meguro-ku
Meiho Enterprise sells new apartment building in Ota-ku
Shin-Nihon Tatemono secures apartment development site in Toshima-ku
Ardepro purchases Nishi-Shinjuku apartment building
Takashimaya acquires office building in Nihombashi

PROJECTS

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NTT West developing hotel near Osaka Castle
JR West to construct new Sannomiya station building
Nippon Steel Kowa developing student accommodation in Setagaya-ku
Shin-Nihon Tatemono secures apartment development site in Toshima-ku
Tokyo Tatemono developing apartment in Shinjuku-ku
Mixed-use building planned in Shiba, Minato-ku
Sankei, etc. to develop Nihombashi-Bakurocho office building
Mixed-use building to be developed near Keikyu Kawasaki Station
Tokio Marine & Nichido Building to be reconstructed into single building
Properst developing studio apartment in Omori, Ota-ku

TENANTS

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Singapore Airlines relocating Japan branch to WeWork in Kanda Square
MSD returning 1,500 tsubos in Kitanomaru Square
Mebuki Financial Group relocating to Mitsui Nigokan in Nihombashi-Muromachi
BrainPad to lease 1,000 tsubos at Roppongi T-Cube
Oracle trimming down office at Akasaka Center Building
Tokyo Nissan Computer System moving to Ebisu Business Tower
Toyo-Sasaki Glass leasing at Hulic’s Gotanda building
Mitsubishi Estate Home relocating to Shinjuku Eastside Square
Ustrust moving to Shinjuku Sumitomo Building
Food wholesaler Maruichi concentrating offices to Mebks Toyosu

STATS

More
Japan drops two ranks to 16th in RE transparency: JLL
COVID-19 affects asset types differently: Daiwa Real Estate Appraisal
BOJ survey indicates business conditions declining due to coronavirus
Loans to real estate exceed Y100tn for first time
Loans to real estate reach Y99tn as capital demand remains avid
Loans for individuals decreased 20% and for real estate reach turning point
J-REIT market exceeds Y20tn: ARES
No celebration despite Japan rising to 14th in RE transparency: JLL
Loans to real estate hits highest ever at Y97tn; momentum likely to peak out
Loans to real estate continues to increase, balance at almost Y95tn

NIKKEI.com

More
British Embassy in Tokyo to sell part of land to Mitsubishi Estate
Japanese rail group Seibu to sell construction unit amid COVID slump
Japan's GPIF to avoid yuan-denominated Chinese sovereign bonds
Mitsubishi asks subcontractors to disclose carbon emissions
WeWork Japan weighs move away from leases in expansion push
Amazon and Mitsubishi to set up 450 solar power plants in Japan
Remote work lifts demand in Japan for bigger residences
Hotel Okura to bring luxury resort touches to Shanghai
Osaka races Tokyo to open Japan's first Waldorf Astoria
Kansai airport makeover 'necessary' for inbound tourism: operator

Most Read Articles

Today
Weekly
Monthly
Nomura Master Fund to acquire Amazon occupied warehouse for Y17bn
AXA acquires two Osaka properties for Y10.6bn from PGIM
JR West to construct new Sannomiya station building
Japan Metropolitan Fund to acquire retail building in Funabashi City, Chiba
Tosei sells office building in Yokohama
Nomura to reconstruct long-established Ginza restaurant into office
Japan Metropolitan Fund invests in mezzanine loan claim
NTT West developing hotel near Osaka Castle
Daiichi Realter sells Ueno extended-stay hotel
NTT Urban, Sumitomo Forestry developing Melbourne wooden office building
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Latest NewsView all

British Embassy in Tokyo to sell part of land to Mitsubishi Estate
NTT West developing hotel near Osaka Castle
Singapore Airlines relocating Japan branch to WeWork in Kanda Square
Nomura Master Fund to acquire Amazon occupied warehouse for Y17bn
Japan Metropolitan Fund to acquire retail building in Funabashi City, Chiba
JR West to construct new Sannomiya station building
Daiichi Realter sells Ueno extended-stay hotel
Tosei sells office building in Yokohama
AXA acquires two Osaka properties for Y10.6bn from PGIM
Ruf sells land in Aobadai, Meguro-ku

Editors' Pick

CapitaLand to invest Y100bn more in Japanese real estate
Es-Con to invest $1mn in U.S. fund
Morgan Stanley acquires large office building in Yokohama’s Minato-Mirai
Mitsubishi asks subcontractors to disclose carbon emissions
WeWork Japan weighs move away from leases in expansion push
HJ Asset Management acquires Ikebukuro office building from Phoenix
Nippon Steel Kowa to develop 200,000 m2 GFA warehouse in Itabashi-ku
Sumitomo Corp to develop mixed-use building in Ikebukuro
TOC Building reconstructed to 276,000 m2 GFA mixed-use building
Germany’s Allianz acquires five rental apartments in Tokyo
CenterPoint starts constructing 30,000 m2 GFA warehouse in Osaka
Myria purchases Ikebukuro apartment building from MUJI
Remote work lifts demand in Japan for bigger residences
Blackstone acquires three buildings from Loadstar Capital

MORE SURVEYS AND ANALYSIS

CLOSING RENT SURVEY Our proprietary survey of closing rents for rental office buildings in Tokyo and Yokohama.
RETAIL RENT SURVEY Advertised rents and vacancies on major shopping streets in Ginza, Omotesando, Shinjuku, etc.
PROJECT MAP A map and list of the 100 large-scale office building development projects currently in progress in Tokyo.
OFFICE CAP RATES Quarterly cap rate survey on office building transactions, based on our proprietary estimation
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