NIKKEI REAL ESTATE MARKET REPORT

Last Update: 06/25 2021 14:00 JST
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Japan Metropolitan Fund to acquire additional NSPR investment units

REIT Japan Metropolitan Fund will acquire all of the new investment units to be issued by Nisshin Private Residential REIT (NSPR). ≫

Mitsubishi acquires older building in Ichigaya, Shinjuku-ku

Chiyoda-ku's Mitsubishi Estate Residence acquired an office building in Ichigaya-Tamachi, Shinjuku-ku. ≫

JESCO acquires building in Shinjuku

JESCO Holdings, which has subsidiaries including an electric facility construction company, acquired an office and retail building in Shinjuku, Shinjuku-ku. ≫

Accommodations Fund to acquire three residences in Tokyo

Nippon Accommodations Fund (NAF), which is a REIT affiliated with Mitsui Fudosan, will acquire three residences in Sumida-ku and Koto-ku. The total acquisition price is... ≫

Partnership for Yokohama Kitanaka-dori North B-1 District development

Logistics company Nissin concluded a partnership agreement on formulation of a development plan for land that it owns in Kaigandori, Naka-ku, Yokohama City with Tokyu Land, Keikyu Corporation and Dai-ichi Life Insurance. ≫

FPG acquires Gotanda retail building

Financial Products Group (FPG) acquired a retail building in Nishi-Gotanda, Shinagawa-ku. The seller was... ≫

KDDI returning 13,200 m2 leased in Tokyo

KDDI, a major telecom provider, will return some of the offices that it is leasing in Tokyo, including its office in Shinjuku Bunka Quint Building in Yoyogi, Shibuya-ku. ≫

LATEST NEWSMore

Japan Metropolitan Fund to acquire additional NSPR investment units
TRN acquires Suruga Bank Atsugi Branch building
Sakura Information Systems subsidiary moving to UUR Toyocho
Mitsubishi acquires older building in Ichigaya, Shinjuku-ku
JESCO acquires building in Shinjuku
Apartment building in Shinjuku-ku sold
Properst purchases office building in Yoyogi, Shibuya-ku
Partnership for Yokohama Kitanaka-dori North B-1 District development
Accommodations Fund to acquire three residences in Tokyo
First Brothers acquires office building in Shinjuku

WHAT'S IN THE MONTHLY REPORT: JUNE 2021

Past Monthly Reports
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Feature

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. ≫
Under Construction Survey | Market Knowledge | Deals Roundup | Relocation Update | News Digest

TRENDS

More
Japan Metropolitan Fund to acquire additional NSPR investment units
Starwood’s TOB for Invesco REIT fails
Singapore’s Genting consortium applied to Yokohama’s IR open call
Misawa Homes’ first overseas rental apartment complex near Denver
Sotetsu Hotel Development to open first Thailand hotel
Mitsubishi, Tokyo Century to fund U.S. data center development
Tokaido REIT to list in June with Y30.3bn AUM
Sotetsu, Mercuria Investment to join Thailand condominium development project
Invesco REIT and sponsor oppose TOB by Starwood
JR East establishes asset manager with eye on REIT

DEALS

More
TRN acquires Suruga Bank Atsugi Branch building
Mitsubishi acquires older building in Ichigaya, Shinjuku-ku
JESCO acquires building in Shinjuku
Apartment building in Shinjuku-ku sold
Properst purchases office building in Yoyogi, Shibuya-ku
Accommodations Fund to acquire three residences in Tokyo
First Brothers acquires office building in Shinjuku
Tokyo Tatemono sells elderly nursing home in Shinjuku-ku
FPG acquires Gotanda retail building
Viva Home selling Narashino Store, gaining Y10bn

PROJECTS

More
Partnership for Yokohama Kitanaka-dori North B-1 District development
SPC financed by Tecra acquires former Yoyogi Kaikan site
Daiwa House developing mixed-use building in Yokohama
Hamamatsucho WTC redevelopment to add hotel
Sumitomo Corp to construct PREX series office in Shiba, Minato-ku
Mitsubishi developing rental office building in Shimbashi
Kasumigaseki Capital selling Funabashi development site to Brookfield
Mitsubishi to construct office, retail building in Nihombashi-Ningyocho
Sohgo Housing developing apartment building in Kamata, Ota-ku
Daiwa House secures development site in Kachidoki, Chuo-ku

TENANTS

More
Sakura Information Systems subsidiary moving to UUR Toyocho
KDDI returning 13,200 m2 leased in Tokyo
NTT-AT moving to Tokyo Opera City in Shinjuku
Kyoritsu Seiyaku moving to Kudan-Minami Itchome Project
Foundation moving to Bunkyo Garden Gatetower
VLC Holdings concentrating offices to Edomi-Zaka Mori Building
Yamasa moving Tokyo Office to Kokusai Hakozaki Building
R.connect expanding office, relocating to Izumi Garden Tower
Payment service provider moving to Spaces Shinagawa in Minato-ku
SMBC Trust Bank moving to SMBC building in Marunouchi

STATS

More
Japan drops two ranks to 16th in RE transparency: JLL
COVID-19 affects asset types differently: Daiwa Real Estate Appraisal
BOJ survey indicates business conditions declining due to coronavirus
Loans to real estate exceed Y100tn for first time
Loans to real estate reach Y99tn as capital demand remains avid
Loans for individuals decreased 20% and for real estate reach turning point
J-REIT market exceeds Y20tn: ARES
No celebration despite Japan rising to 14th in RE transparency: JLL
Loans to real estate hits highest ever at Y97tn; momentum likely to peak out
Loans to real estate continues to increase, balance at almost Y95tn

NIKKEI.com

More
Japan restricts land deals near strategic assets
Genting Singapore-led group in running for Yokohama casino deal
Japan pushes solar panel mandate for new public buildings
Goldman to double Japan property investments to over $2bn a year
Galaxy Entertainment pulls out of Yokohama casino resort project
Mitsubishi Estate makes $2bn push into US data centers
Oyo's Japan unit sells long-suffering residential business
Japan's K-shaped recovery emerges in home prices amid COVID crisis
Hoshino Resorts leaves mountains for the city in post-COVID era
Why tiny buildings are big in Japan

Most Read Articles

Today
Weekly
Monthly
Mitsubishi acquires older building in Ichigaya, Shinjuku-ku
Accommodations Fund to acquire three residences in Tokyo
Japan Metropolitan Fund to acquire additional NSPR investment units
KDDI returning 13,200 m2 leased in Tokyo
Singaporean REIT to acquire Hewlett-Packard Japan HQ Building
GreenOak acquires large office building in Nagoya
Frontier REIT to acquire three properties for Y22bn
Germany’s Deka Immobilien acquires Osaka Dotonbori landmark
JESCO acquires building in Shinjuku
Pet insurer moving into Sumitomo Fudosan Shinjuku Grand Tower
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Latest NewsView all

Japan Metropolitan Fund to acquire additional NSPR investment units
TRN acquires Suruga Bank Atsugi Branch building
Sakura Information Systems subsidiary moving to UUR Toyocho
Mitsubishi acquires older building in Ichigaya, Shinjuku-ku
JESCO acquires building in Shinjuku
Apartment building in Shinjuku-ku sold
Properst purchases office building in Yoyogi, Shibuya-ku
Partnership for Yokohama Kitanaka-dori North B-1 District development
Accommodations Fund to acquire three residences in Tokyo
First Brothers acquires office building in Shinjuku

Editors' Pick

Germany’s Deka Immobilien acquires Osaka Dotonbori landmark
Singaporean REIT to acquire Hewlett-Packard Japan HQ Building
Goldman to double Japan property investments to over $2bn a year
PGIM acquires office building in Toyocho, Koto-ku
Singapore's Digital Edge purchasing data center in Tokyo
Prologis developing fifth multi-tenant logistics facility in Kobe
Mori Trust to build 31,000 m2 GFA hotel and office in Akasaka
Mitsubishi, Tokyo Century to fund U.S. data center development
Tokyu Corp, LVMH group to redevelop flagship department store
Sotetsu, Mercuria Investment to join Thailand condominium development project
Mitsubishi and TBS developing high-rise buildings in Akasaka
LaSalle’s fund acquires ten properties for Y35bn

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
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