Last Update: 06/14 2021 12:00 JST

Kasumigaseki Capital selling Funabashi development site to Brookfield

Kasumigaseki Capital will sell 3,737 m2 of land in Funabashi City, Chiba Prefecture for development of a logistics facility. The buyer is a special purpose company of a real estate fund managed by major Canadian asset management company Brookfield Asset Management.

Daiichi Realter sells newly built hotel in Ueno

Minato-ku based Daiichi Realter sold a hotel in Ueno, Taito-ku, in April 2021. The buyer was..

Rio obtains office building in Mito City, Ibaraki

Rio Holdings subsidiary Rio Consulting, both based in Chiyoda-ku, acquired an office building in Omachi, Mito City, Ibaraki Prefecture. The seller was...

Germany’s Deka Immobilien acquires Osaka Dotonbori landmark

Germany’s Deka Immobilien acquired a retail building in Chuo-ku, Osaka City from trading firm Sumitomo Corporation. The price...

Sapporo Real Estate to sell large building in Ebisu, Shibuya-ku

Shibuya-ku based Sapporo Real Estate, which is a subsidiary of Sapporo Holdings, will sell an office building in Ebisu, Shibuya-ku. The price is unknown, but a gain on sale of approximately 22 billion yen [$200 million] is scheduled to be recorded.

Marubeni Private REIT acquires Setagaya-ku apartment from Cosmos Initia

Marubeni Private REIT acquired a rental apartment in Kinuta, Setagaya-ku. The seller was condominium developer Cosmos Initia.

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WHAT'S IN THE MONTHLY REPORT: JUNE 2021

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Slew of Planned Projects

Development underway for 99 buildings, GFA of 10 million m2
A total of 99 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 2021 for an aggregate gross floor area reaching 10.08 million m2. In addition to the reconstruction of Imperial Hotel Tokyo, 24 projects were newly revealed over the past year. Many projects are scheduled to be implemented even after the peak of the supply of office buildings in 2025.
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