Last Update: 09/24 2021 15:00 JST

Mitsubishi developing office, retail building in Nihombashi-Yokoyamacho

Mitsubishi Estate will develop a mixed-use building consisting of office and retail floors in Nihombashi-Yokoyamacho, Chuo-ku. Construction will start in January 2022, with completion targeted for March 2023.

Ardepro acquires apartment in Kita-ku, Osaka City

Real estate company Ardepro acquired a rental apartment in Honjo-Nishi, Kita-ku, Osaka City.

Mitsubishi private REIT acquires apartment in Chuo-ku, Osaka City

Nippon Open Ended, a private REIT managed by Mitsubishi Jisho Investment Advisors of Chuo-ku, acquired a rental apartment building in Minami-Kyuhojimachi, Chuo-ku, Osaka City. The private REIT had an AUM...

Hoikuen Mirai Fund 2 incorporates Kanda and Ikebukuro properties

Hoikuen Mirai Fund 2, a private fund specializing in nursery schools, acquired authorized nursery schools in Soto-Kanda, Chiyoda-ku and Minami-Ikebukuro, Toshima-ku.

HJ Asset Management acquires Ikebukuro office building from Phoenix

HJ Asset Management acquired an office building in Ikebukuro, Toshima-ku. The seller was Hong Kong’s Phoenix Property Investors.

Sankei, Kinki Sogo Leasing developing Settsu City logistics facility

Chiyoda-ku's Sankei Building started development of a logistics facility in Tsuruno, Settsu City, Osaka Prefecture jointly with Kinki Sogo Leasing of Osaka City. The logistics facility will...

Nippon Steel Kowa sells apartment in Uehara, Shibuya-ku

Minato-ku's Nippon Steel Kowa Real Estate sold a rental apartment building in Uehara, Shibuya-ku. The buyer was...



Past Monthly Reports
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Local Markets: Nagoya

Office Acquisitions Alive and Well

Major transactions continue amid rents trending downward
Office building acquisitions, particularly by foreign funds, are alive and well in central Nagoya, with one high-value transaction close to 50 billion yen [$440 million] closing successfully. On the other hand, office vacancies have increased and a downward trend is clear in the rental market. With no end to the coronavirus (Covid-19) pandemic in sight, some are starting to revise development plans.
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