Last Update: 05/12 2021 06:00 JST

Mitsubishi acquires two adjacent buildings in Nihombashi-Bakurocho

Mitsubishi Estate acquired an office and retail building in Nihombashi-Bakurocho, Chuo-ku and a building adjacent to it.

Ichigo acquires new apartment building in Shinagawa-ku

Ichigo Owners, which is a subsidiary of real estate fund manager Ichigo, purchased a rental apartment building in Ebara, Shinagawa-ku.

Naka-Ochiai, Shinjuku-ku apartment building sold

Real estate company Ruf of Chiyoda-ku sold a rental apartment building in Naka-Ochiai, Shinjuku-ku. The buyer was...

Sun Frontier sells office building in Tsukiji, Chuo-ku

Real estate company Sun Frontier Fudousan sold an office building in Tsukiji, Chuo-ku.

LaSalle’s fund acquires ten properties for Y35bn

LaSalle Japan Property Fund (LJPF), which is operated by LaSalle Investment Management, acquired a logistics facility in Osaka Prefecture and nine residences in Tokyo in March 2021. The total investment amount was approximately 35 billion yen [$310 million].

Invesco REIT and sponsor oppose TOB by Starwood

Invesco Office J-REIT announced that it opposes the take-over-bid (TOB) by the Starwood Capital Group. It also requested that its sponsor Invesco Group purchase additional investment units to compete with Starwood.

Hulic reconstructing Ginza office building

Hulic will reconstruct an office building in Ginza, Chuo-ku. Construction will start in November 2021, with completion targeted for August 2023.

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WHAT'S IN THE MONTHLY REPORT: MAY 2021

Past Monthly Reports
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Transactions: 1Q 2021

Signs of Buyers Willing to Invest

Sales transaction volume down, but supported by corporate asset sales
We are about one year into the coronavirus (Covid-19) pandemic and in the first quarter of 2021, another state of emergency was declared. Although not as chaotic as the first time, the sales transaction amount fell 38% year-on-year, with hotel and retail transactions dropping significantly. On the other hand, office building and logistics facility transactions were relatively strong and while the market outlook remains uncertain, buyers’ willingness to invest might not have diminished.
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