GLP Japan to develop two logistics facilities in Hiratsuka City

Minato-ku based GLP Japan will develop GLP Hiratsuka II and GLP Hiratsuka III in the Twin City Okami Land Readjustment Project District in Hiratsuka City, Kanagawa Prefecture.

Daiichi Realter disposes hotel in Asakusa vicinity

Minato-ku's Daiichi Realter sold an extended-stay hotel in Kotobuki, Taito-ku.

GPIF’s real estate investment reaches Y770bn

The total market value of real estate investment by independent administrative institution Government Pension Investment Fund (GPIF), which manages the public pension fund, reached 773.1 billion yen [$5.6 billion] as of the end of March 2022, an increase of 228.4 billion yen [$1.6 billion] year-on-year.

Sanei Denki Kogyo acquires Shimbashi office building

Electrical construction and telecommunication engineering company Sanei Denki Kogyo of Shibuya-ku acquired an office property in Shimbashi, Minato-ku.

B-Lot sells retail and office building in Meguro-ku

B-Lot sold a retail and office building in Takaban, Meguro-ku.

Itochu’s private REIT launches with six properties worth Y14bn

Chiyoda-ku based Itochu REIT Management commenced management of REIT Advance Private, which is a private REIT. Its initial assets are six properties worth approximately 14 billion yen [$110 million].

First-Corporation sells apartment building in Ryogoku, Sumida-ku

Apartment building developer First-Corporation sold a rental apartment building in Ryogoku, Sumida-ku. The buyer was...

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WHAT'S IN THE MONTHLY REPORT: JUNE 2022

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Major Overhaul of Shinjuku Station Revealed

Large-scale development projects underway in Nihombashi and Shibuya
A total of 108 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 2022 for an aggregate gross floor area reaching 12.51 million m2. The number of plans for buildings that were newly identified from last year’s survey was 24. The number of projects expected to be completed in 2030 or after has also increased.
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