NIKKEI REAL ESTATE MARKET REPORT

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Fukuoka’s Shibaura Group acquires building in Koto-ku, Tokyo

Shibaura Group Holdings of Fukuoka City, which is engaged in the real estate and PV power generation businesses with its group companies, acquired an office building in Minami-Suna, Koto-ku, Tokyo. ≫

Mitsubishi developing Circles brand compact office in Akihabara

Mitsubishi Estate will construct an office building in its Circles brand compact office building series in Kanda-Matsunagacho, Chiyoda-ku. Construction will start in August 2022, with completion targeted for November 2023. ≫

Hong Kong investment company acquires Kabukicho hotel

Hong Kong’s investment company AB Capital Investment acquired a budget hotel in Kabukicho, Shinjuku-ku, through Glory Shield GK, which is a special purpose company invested in by the company. ≫

Nitori acquires former Tokyu Hands Ikebukuro Store

Sapporo City-based furniture chain Nitori acquired former Tokyu Hands Ikebukuro Store in Higashi-Ikebukuro, Toshima-ku, Tokyo. The company plans to... ≫

Takara Leben REIT to acquire Osaka City apartment building

REIT Takara Leben will acquire an apartment in Itachibori, Nishi-ku, Osaka City. The price is... ≫

Mitsubishi private REIT acquires new Kobe apartment building

Nippon Open Ended, which is a private REIT managed by Mitsubishi Jisho Investment Advisors of Chiyoda-ku, acquired a rental apartment building in Higure-Dori, Chuo-ku, Kobe City. ≫

LATEST NEWSMore

Mitsubishi developing Circles brand compact office in Akihabara
Syla acquires building in Shimo-Meguro, Meguro-ku
Vector Japan relocating to Shinagawa Season Terrace
Medical system company ICM moving to Sumitomo Shibadaimon Building
Office and retail building planned in Shibuya
Fukuoka’s Shibaura Group acquires building in Koto-ku, Tokyo
Fukuoka REIT, Fukuoka Jisho to acquire 40,000m2 of land
Takara Leben REIT to acquire Osaka City apartment building
NEC affiliate to entirely lease Shibaura Kodai Building
Itochu REIT Management to relocate to Jimbocho Mitsui Building

WHAT'S IN THE MONTHLY REPORT: MAY 2022

Past Monthly Reports
cover image
Transactions: 1Q 2022

Land Sales Boom

Transaction volume down 8% despite presence of mega deals
Although the real estate market is generally recovering from the impact of the Covid-19 pandemic, transaction volume in the first quarter of 2022 fell 8% year-on-year to the lowest first-quarter figure since 2013. Amid this, there were also approximately 2.5 times more land sales year-on-year in terms of transaction volume. REITs notably sold older office buildings and replaced them with newer buildings, which supported the market. ≫
Occupier Market | Market Knowledge | Deals Roundup | Relocation Update | News Digest

TRENDS

More
Grit subsidiary Liv-up acquires Universal Trust
Diamond Realty Management closes eighth mezzanine fund
JR West establishes private fund, eyes establishment of REIT
Kansai Electric subsidiary selling 208 housing lots near Sydney
Haseko Corp invests in Sumitomo Forestry’s private U.S. fund
Apa Group to acquire hotel in Calgary, Canada
Daiwa House to develop rental apartment in Maryland
KKR to acquire Mitsubishi Corp. - UBS Realty for Y230bn
SMFL Mirai Partners and Kenedix make joint Singapore investment
Mori Trust acquires office buildings in Virginia, U.S.

DEALS

More
Syla acquires building in Shimo-Meguro, Meguro-ku
Fukuoka’s Shibaura Group acquires building in Koto-ku, Tokyo
Fukuoka REIT, Fukuoka Jisho to acquire 40,000m2 of land
Takara Leben REIT to acquire Osaka City apartment building
Nitori acquires former Tokyu Hands Ikebukuro Store
A.D. Works sells apartment building in Kitahama, Osaka
Hong Kong investment company acquires Kabukicho hotel
Mitsubishi private REIT acquires new Kobe apartment building
Apa secures hotel development site in Hatchobori, Chuo-ku
Vortex acquires Toranomon office building

PROJECTS

More
Mitsubishi developing Circles brand compact office in Akihabara
Office and retail building planned in Shibuya
Shimizu subsidiary developing office building in Hatchobori, Chuo-ku
Apa secures hotel development site in Hatchobori, Chuo-ku
Sunwood developing retail building in Harajuku
Tokyo Tatemono developing 160,000 m2 complex in Kyobashi, Chuo-ku
Hankyu Hanshin Properties developing apartment in Bunkyo-ku
Mitsui to develop six logistics properties
Open House developing condominium in Arakawa-ku
Parco to develop 160-unit rental apartment in Yokohama

TENANTS

More
Vector Japan relocating to Shinagawa Season Terrace
Medical system company ICM moving to Sumitomo Shibadaimon Building
NEC affiliate to entirely lease Shibaura Kodai Building
Itochu REIT Management to relocate to Jimbocho Mitsui Building
Nichiigakkan returning over 1,800 tsubos of two Kanda-Surugadai buildings
Nakabohtec Corrosion Protecting moving to Kayabacho First Building
Mitsui Chemicals leasing 3,700 tsubos in Tokyo Midtown Yaesu
Morinaga reconstructing HQ, relocating to Shiodome City Center
Koito Manufacturing temporarily moving to new Osaki building
Deutsche Bank moving into Toranomon-Azabudai Project completed in 2023

STATS

More
Loan balance to real estate industry reaches record Y112tn
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

NIKKEI.com

More
KKR nears deal to buy Hyatt Regency Tokyo
Nintendo heirs eye Kyoto revitalization project around HQ-turned-hotel
Hoshino Resorts to open Japan-style hot springs in North America
Blackstone homes in on Asia as it nears $1tn asset target: COO
Hulic to build luxury 'ryokan'-style inn in Ginza
NTT ties up with Australian fund Macquarie in data center investment
Vietnam developer and Sumitomo Corp step up supermarket openings
Goldman to flip apartments in Japan with Sojitz, spending $400m a year
Japan's land prices see first rise in two years in COVID recovery
Hyatt Regency Tokyo for sale by Odakyu, seeking $870m in deal

Most Read Articles

Today
Weekly
Monthly
Hong Kong investment company acquires Kabukicho hotel
Mitsubishi developing Circles brand compact office in Akihabara
Fukuoka’s Shibaura Group acquires building in Koto-ku, Tokyo
Syla acquires building in Shimo-Meguro, Meguro-ku
Office and retail building planned in Shibuya
Vector Japan relocating to Shinagawa Season Terrace
Morgan Stanley wholly owns large Minato-Mirai office building
Vortex acquires Toranomon office building
Medical system company ICM moving to Sumitomo Shibadaimon Building
Goldman Sachs acquires Minato Mirai office building for Y98bn
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Latest NewsView all

Mitsubishi developing Circles brand compact office in Akihabara
Syla acquires building in Shimo-Meguro, Meguro-ku
Vector Japan relocating to Shinagawa Season Terrace
Medical system company ICM moving to Sumitomo Shibadaimon Building
Office and retail building planned in Shibuya
Fukuoka’s Shibaura Group acquires building in Koto-ku, Tokyo
Fukuoka REIT, Fukuoka Jisho to acquire 40,000m2 of land
Takara Leben REIT to acquire Osaka City apartment building
NEC affiliate to entirely lease Shibaura Kodai Building
Itochu REIT Management to relocate to Jimbocho Mitsui Building

Editors' Pick

M&G acquires Y50bn worth of rental apartments from Blackstone
Kansai Electric subsidiary selling 208 housing lots near Sydney
Morgan Stanley sells large Ariake office building
Haseko Corp invests in Sumitomo Forestry’s private U.S. fund
Tokyu Group to develop hotel condominium in Senagajima, Okinawa
Blackstone homes in on Asia as it nears $1tn asset target: COO
Hulic to build Ginza mixed-use building with hot spring inn
Hulic, Shimizu selected as Shibuya district development project developers
Apa Group to acquire hotel in Calgary, Canada
Daiwa House to develop rental apartment in Maryland
Hines acquires logistics facility in Yatomi City, Aichi Prefecture
NTT ties up with Australian fund Macquarie in data center investment
CBRE IM developing logistics facility in Konan, Shiga Prefecture

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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