Last Update: 01/28 2022 14:00 JST

HKRI sells three properties in central Tokyo for Y19bn

HKR International, which develops and leases real estate in mainland China, Japan, Thailand and elsewhere while centering on Hong Kong, sold three properties in Tokyo for a total sales price of 19.01 billion yen [$160 million]. The buyer was...

Morgan Stanley sells office and apartment in Osaka

Morgan Stanley sold an office building and a rental apartment in Osaka City.

Nomura to build PMO brand office on former Ginza restaurant site

Nomura Real Estate Development will develop a Premium Midsize Office (PMO)-series building in Ginza, Chuo-ku. Starting construction in March 2022 with completion slated for July 2023, it will have...

JA Mitsui Leasing developing Chiba and Fukuoka logistics facilities

JA Mitsui Leasing Tatemono of Chuo-ku will develop logistics facilities in Inzai City, Chiba Prefecture and Higashi-ku, Fukuoka City.

NTT Urban acquires rental residence in Boston suburbs

Chiyoda-ku based NTT Urban Development acquired a rental residence in the suburbs of Boston, Massachusetts, U.S., through its local entity UD USA.

Dai-ichi Life acquires new apartment building in Nerima-ku

Dai-ichi Life Insurance acquired a newly constructed apartment building in Kasugacho, Nerima-ku. The seller was...

GLP Japan to develop its second Hiroshima logistics facility

Minato-ku based GLP Japan started the development of GLP Hiroshima II, which will be its second logistics facility in Hiroshima Prefecture. The company will invest approximately 10 billion yen [$85 million] as the total development cost.



Past Monthly Reports
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Local Markets: Fukuoka

Office Market Still Strong

First Tenjin Big Bang property completed, signs of recovery in hotel investments
In Fukuoka, Tenjin Business Center, which is the first property in the redevelopment promotion project “Tenjin Big Bang,” was completed in September 2021. It realized the highest level of contracted rent among the office buildings in the city, which had an affect on the market rent of buildings in the surrounding area. As for transactions in the central area, the needs to acquire rental apartments are increasing and hotel investments, which remained sluggish for a long time, are also becoming active.
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