Last Update: 05/14 2021 15:00 JST

Rio acquires office buildings in Hakodate and Fukui

Rio Consulting, a subsidiary of real estate consulting firm Rio Holdings, acquired an office building in Hakodate City, Hokkaido Prefecture and an office building in Fukui City, Fukui Prefecture, through its subsidiary.

Meiho Enterprise sells apartment building in Setagaya-ku

Condominium developer Meiho Enterprise sold a rental apartment building in Kita-Karasuyama, Setagaya-ku. The buyer was...

Sumitomo Corporation acquires mixed-use building in Kanda

Trading firm Sumitomo Corporation acquired a mixed-use building in Uchi-Kanda, Chiyoda-ku. It was formerly owned by...

Calbee to downsize Marunouchi head office

It appears that confectionery and snack manufacturer Calbee will return part of its head office in Marunouchi Trust Tower Main in Marunouchi, Chiyoda-ku.

Mitsubishi developing condominium in Waseda, Shinjuku-ku

Chiyoda-ku's Mitsubishi Estate Residence will develop a for-sale condominium in Nishi-Waseda, Shinjuku-ku. The condominium will offer 44 residential units in one to three bedroom layouts. Completion is targeted for July 2023.

Orix Real Estate developing apartment building in Ota-ku

Minato-ku's Orix Real Estate will construct an apartment building in Sanno, Ota-ku. The structure will have three floors above ground and one below with 2,351 m2 of gross floor area.

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WHAT'S IN THE MONTHLY REPORT: MAY 2021

Past Monthly Reports
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Transactions: 1Q 2021

Signs of Buyers Willing to Invest

Sales transaction volume down, but supported by corporate asset sales
We are about one year into the coronavirus (Covid-19) pandemic and in the first quarter of 2021, another state of emergency was declared. Although not as chaotic as the first time, the sales transaction amount fell 38% year-on-year, with hotel and retail transactions dropping significantly. On the other hand, office building and logistics facility transactions were relatively strong and while the market outlook remains uncertain, buyers’ willingness to invest might not have diminished.
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