Kintetsu and DBJ form fund, incorporate Kasumigaseki building
Osaka City based Kintetsu Real Estate incorporated an office building in Kasumigaseki, Chiyoda-ku, Tokyo into a real estate private fund formed jointly with the Development Bank of Japan (DBJ). Chiyoda-ku based DBJ Asset Management will be in charge of asset management. The fund will continue to expand its assets and aim to achieve an AUM of 40 billion yen [$360 million]. ≫
Tokyu Corp, SMFL Mirai Partners acquire Azabu serviced apartment
Tokyu Corporation and Chiyoda-ku-based SMFL Mirai Partners acquired a serviced apartment building in Higashi-Azabu, Minato-ku. ≫
Starwood’s TOB for Invesco REIT fails
The U.S.’s Starwood Capital Group’s take-over-bid (TOB) targeting Invesco Office J-REIT failed, the two announced. ≫
Hamamatsucho WTC redevelopment to add hotel
It has been revealed that the Hamamatsucho Station West Exit Area Redevelopment Project which includes the redevelopment of the World Trade Center Building (Sekai Boeki Center Building) will newly add a hotel to the upper part of the planned Building A-1. ≫
Nomura to reconstruct long-established Ginza restaurant into office
Nomura Real Estate Development acquired a long-established ryotei Japanese restaurant in Ginza, Chuo-ku. The company is considering reconstructing it into an office building. ≫
Tokyu Corporation acquires office building in Jingumae, Shibuya-ku
Tokyu Corporation and special purpose company FST GK jointly acquired an office building in Jingumae, Shibuya-ku. The seller was beauty salon operator Taya. ≫
Samty sells two Kyoto hotels, eyeing incorporation into REIT
Samty sold two hotels, which are located in Shimogyo-ku, Kyoto City. The company is partially making silent partnership investments in a special purpose company and the buyer. It aims to form a hotel REIT, and plans to incorporate the two hotels into the REIT. ≫
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WHAT'S IN THE MONTHLY REPORT: JUNE 2021
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