Last Update: 12/02 2021 15:30 JST

JMF reshuffling assets worth Y63.2bn in total

REIT Japan Metropolitan Fund (JMF), which is affiliated with Mitsubishi Corporation, decided to reshuffle approximately 63.25 billion yen [$540 million] worth of its assets. The counterpart of all these transactions is Hulic.

Japan Metropolitan Fund selling Aoyama retail building for Y10.1bn

Japan Metropolitan Fund (JMF), a REIT affiliated with trading house Mitsubishi Corporation, sold a retail facility in Minami-Aoyama, Minato-ku. The price was 10.11 billion yen [$87 million].

Daiwa House lists Y71bn REIT in Singapore

Daiwa House Industry listed a REIT, Daiwa House Logistics Trust (DHLT), on the Singapore Exchange. Its initial portfolio is...

NBF acquires additional interest in Yokohama office building

Nippon Building Fund (NBF), a REIT sponsored by Mitsui Fudosan, acquired part of an office building in Kitasaiwai, Nishi-ku, Yokohama City. With this transaction, the AUM of the REIT increased to approximately 1.37 trillion yen [$12 billion] on an acquisition price basis.

Rakuten adding floors leased in NBF Shinagawa Tower

Setagaya-ku's e-commerce company Rakuten Group will lease slightly less than 4,000 tsubos [13,200 m2] of floor area in NBF Shinagawa Tower in Konan, Minato-ku, according to sources. The company has its office in the building and will additionally lease an estimated ten floors this time.

Prologis REIT to acquire three properties for Y57.7bn

Nippon Prologis REIT will acquire three logistics facilities. The total acquisition price is 57.7 billion yen [$490 million]. With these transactions, the REIT’s acquisition price based AUM will be approximately 816.05 billion yen [$7 billion].



Past Monthly Reports
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Area in Focus: Ginza

Unseen Level of Store Vacancies

Luxury brands opening stores, but transactions at all-time low
Ginza is finally starting to see the light of day after Covid-19. Luxury brands are increasing demand to open stores on high streets like Chuo-dori Street and Harumi-dori Street, and the retail rental market is showing signs of improvement. On the other hand, there are fewer properties for sale than ever before and conclusion of transactions have become even less frequent, resulting in the number of sales transactions reached a record low as surveyed by the Nikkei Real Estate Market Report.
Transactions: 3Q 2021 | Occupier Market | Market Knowledge | Deals Roundup | Relocation Update | News Digest

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