Last Update: 10/22 2021 06:00 JST

Former Hotel Grand Palace site to be redeveloped

Five companies, namely Hotel Grand Palace which is a hotel operator of Chiyoda-ku, Mitsubishi Estate, Mitsubishi Estate Residence of Chiyoda-ku, Hankyu Hanshin Properties of Osaka City and movie theater producer Toho, signed a basic agreement on the effective utilization plan for the former site of Hotel Grand Palace.

H2O Retailing gaining Y8.5bn from sale of land in Suita City

H2O Retailing, which has Hankyu Hanshin Department Stores and other subsidiaries under its umbrella, will sell 10,905 m2 of land, which is the site of a distribution center in Esakacho, Suita City, Osaka Prefecture. The company expects a profit of 8.5 billion yen [$74 million] from the sale.

Osaka Hommachi office building sold

It has come to light that an office property in Chuo-ku, Osaka City, was sold. The seller was...

MUFG Bank subsidiary moving out of Harumi Front

Mitsubishi UFJ Information Technology, which develops systems for MUFG Bank and other clients, will relocate its headquarters from Harumi Front in Harumi, Chuo-ku, according to sources. The company will return all of the building's office floors from the third floor to the 16th floor with an estimated floor area of 9,000 tsubos to 10,000 tsubos [29,800 m2 to 33,100 m2].

NTT UD REIT to shuffle assets worth Y40bn

NTT UD REIT (formerly Premier REIT) will replace assets totaling 40 billion yen [$350 million]. It will acquire part of a building in Nishi-Shinjuku, Shinjuku-ku, for 22 billion yen [$190 million]. Then, it will sell its quasi co-ownership interest in a building in Higashi-Shinagawa, Shinagawa-ku for 18 billion yen [$160 million].

Sekisui House REIT acquiring additional Akasaka Garden City ownership

Sekisui House REIT will additionally acquire part of Akasaka Garden City in Akasaka, Minato-ku. The seller is a special purpose company of Sekisui House, which is the sponsor.

Hankyu Hanshin REIT reshuffling assets worth Y15.2bn in total

Hankyu Hanshin REIT will acquire a retail facility in Minami-Aoyama, Minato-ku. The acquisition price is 6.65 billion yen [$58 million]. Meanwhile, the REIT will sell 33% quasi co-ownership in an office building in Higashi-Shinagawa, Shinagawa-ku for 8.6 billion yen [$75 million].

Blackstone acquires building in Nihombashi-Hisamatsucho

JMOP Two Holding TMK, a special purpose company believed to be affiliated with The Blackstone Group, acquired an office and retail building in Nihombashi-Hisamatsucho, Chuo-ku. The seller was...

LATEST NEWSMore

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

Most Read Articles

Today
Weekly
Monthly
Daily headline feeds feeds-btn

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
Subscription Inquiries
For questions on fees, passwords, etc.,
please contact Customer Service. >>