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Ichigo Office REIT to sell two retail buildings for 1.8 times book value

Ichigo Office REIT to sell two retail buildings for 1.8 times book value

Ichigo Office REIT will sell two retail buildings and an office building. The total sales price of the three buildings is 8.24 billion yen [$51 million], and the REIT expects to gain a total of approximately 2.5 billion yen [$15.4 million] from the sale.

LaSalle Logiport REIT to sell four properties for Y29.6bn

LaSalle Logiport REIT to sell four properties for Y29.6bn

Daiwa House REIT acquires part of Urawa mixed-use facility for Y9.5bn

Daiwa House REIT acquires part of Urawa mixed-use facility for Y9.5bn

Tokyo Tatemono joins first Australian logistics fund

Tokyo Tatemono joins first Australian logistics fund

Daiwa House developing hotel in Tsukiji

Daiwa House developing hotel in Tsukiji

MFLP-REIT reshuffling Y47.6bn worth of assets

MFLP-REIT reshuffling Y47.6bn worth of assets

LATEST NEWS

Existing condo prices in central Tokyo down for 4th straight month

Existing condo prices in central Tokyo down for 4th straight month

Daiwa House REIT acquires part of Urawa mixed-use facility for Y9.5bn

Daiwa House REIT acquires part of Urawa mixed-use facility for Y9.5bn

LaSalle Logiport REIT to sell four properties for Y29.6bn

LaSalle Logiport REIT to sell four properties for Y29.6bn

Ichigo Office REIT to sell two retail buildings for 1.8 times book value

Ichigo Office REIT to sell two retail buildings for 1.8 times book value

Tokyo Tatemono joins first Australian logistics fund

Tokyo Tatemono joins first Australian logistics fund

Daiwa House developing hotel in Tsukiji

Daiwa House developing hotel in Tsukiji

Le Gratteciel Building acquires Shimbashi rental apartment building

Le Gratteciel Building acquires Shimbashi rental apartment building

MFLP-REIT reshuffling Y47.6bn worth of assets

MFLP-REIT reshuffling Y47.6bn worth of assets

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EDITORS' PICK

GLP investing Y300bn to develop cold storage in Kawasaki

GLP investing Y300bn to develop cold storage in Kawasaki

GLP Japan, under the umbrella of Ares Management of the U.S., signed a purchase agreement to acquire part of a plant site in Ogishima, Kawasaki-ku, Kawasaki City.

UK’s Aberdeen, Hong Kong’s Weave acquire Tokyo apartment buildings

UK’s Aberdeen, Hong Kong’s Weave acquire Tokyo apartment buildings

Yasuda and UR developing buildings in Kanda-Nishikicho redevelopment area

Yasuda and UR developing buildings in Kanda-Nishikicho redevelopment area

JMF-funded SPC to acquire 17 Seiyu leased sites

JMF-funded SPC to acquire 17 Seiyu leased sites

Hulic acquires Ginza building from Singaporean REIT

Hulic acquires Ginza building from Singaporean REIT

Sumitomo Forestry developing apartment buildings in Phoenix, U.S.

Sumitomo Forestry developing apartment buildings in Phoenix, U.S.

Lone Star acquires rental housing portfolio in Chuo-ku (corrected)

Lone Star acquires rental housing portfolio in Chuo-ku (corrected)

Mori Building tackles 1st redevelopment project in New York

Mori Building tackles 1st redevelopment project in New York

Brookfield enters Japan housing market with $627m deal in 4 urban centers

Brookfield enters Japan housing market with $627m deal in 4 urban centers

Hulic acquires second logistics facility in Las Vegas

Hulic acquires second logistics facility in Las Vegas

MOST READ

MFLP-REIT reshuffling Y47.6bn worth of assets

JMF to sell Osaka store leased site for over 2.5 times appraisal value

Creal partners with Singaporean investment company to promote cross-border investment

Rebita acquires Nihombashi-Tomizawacho apartment building

Kintetsu Real Estate acquires land in Shinjuku-ku

Brookfield invests more than Y100bn in Japan residences

Sanofi and Aichi Steel move into Tofrom Yaesu Tower

Tokyo Tatemono and Misawa Homes developing hotel in Shimbashi

Goldman Castle Real Estate acquires retail building in Shoto, Shibuya-ku

Taisei-Yuraku Real Estate starts rental apartment development in Takaido

Tokyu Land and Nippon Steel Kowa acquire Nibancho land interests

Goldman Castle Real Estate acquires retail building in Shoto, Shibuya-ku

Tokyo commercial land prices jump to 33-year high as remote work ebbs

Samty Residential REIT to acquire newly built apartments for Y2.7bn

Tokyo Tatemono and Misawa Homes developing hotel in Shimbashi

Star Asia REIT replaces Osaka asset, invests in Hakone ryokan

PDM acquires rental apartment building near Tokyo Skytree

Shinoken Residential REIT sells three Minato-ku properties

Nippon Steel Kowa developing office building in Kanda-Jimbocho

Tokyu REIT to acquire Kawasaki rental apartment building

Shinoken Residential REIT sells three Minato-ku properties

Nippon Steel Kowa developing office building in Kanda-Jimbocho

Hikari Tsushin, MBK, NEC unit launch $1.7bn buyout for Japan's Leopalace21

Nomura developing apartment building in Shinkawa, Chuo-ku

Star Asia REIT replaces Osaka asset, invests in Hakone ryokan

Samty Residential REIT to acquire newly built apartments for Y2.7bn

Tokyu REIT to acquire Kawasaki rental apartment building

Daiichi Realtor sells hotel in Nippombashi, Osaka

B-Lot sells Yotsuya apartment building

Tokyo commercial land prices jump to 33-year high as remote work ebbs

Sakae and Meieki Compete

MONTHLY REPORTS

WHAT'S IN THE MONTHLY EDITION: SEPTEMBER 2026

Local Markets: Nagoya

Sakae and Meieki Compete

- Testing rent upside beyond 40,000 yen per tsubo

In the Nagoya office market, a case where a contract was concluded at 40,000 yen per tsubo [$74 per m²] was seen. Sakae and Meieki, the two poles of the office market, are reinforcing each other, causing continued rent growth. Due to strong tenant demand, investor interest continues to increase. However, people in the real estate industry appear subdued. A project to redevelop Nagoya Station area, which was expected to be a catalyst for the local economy, returned to square one at the end of last year due to the withdrawal of the general contractor. This report shows the untold turmoil during that time.

Under Construction Survey | Deals Roundup | Relocation Update | News Digest

TRENDS

Tokyo Tatemono joins first Australian logistics fund

Tokyo Tatemono joins first Australian logistics fund

Creal partners with Singaporean investment company to promote cross-border investment

Kasumigaseki Capital sells site in Miami, U.S., to Japanese fund

“Minnade Oyasan” license revoked over selling while hiding uncollected rents

GLP Japan’s latest fund completes closing with investment exceeding Y600bn

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DEALS

Daiwa House REIT acquires part of Urawa mixed-use facility for Y9.5bn

Daiwa House REIT acquires part of Urawa mixed-use facility for Y9.5bn

LaSalle Logiport REIT to sell four properties for Y29.6bn

Ichigo Office REIT to sell two retail buildings for 1.8 times book value

Daiwa House developing hotel in Tsukiji

Le Gratteciel Building acquires Shimbashi rental apartment building

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PROJECTS

Daiwa House developing hotel in Tsukiji

Daiwa House developing hotel in Tsukiji

Taisei-Yuraku Real Estate starts rental apartment development in Takaido

Tokyu Land and Nippon Steel Kowa acquire Nibancho land interests

Tokyo Tatemono and Misawa Homes developing hotel in Shimbashi

Mitsui to construct apartment building in Shinagawa-ku

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TENANTS

Sanofi and Aichi Steel move into Tofrom Yaesu Tower

Sanofi and Aichi Steel move into Tofrom Yaesu Tower

Copia to relocate to Yaesu Core, scheduled for 2029 completion

Nivea-Kao to move into wooden high-rise building in Nihombashi-Honcho

MTG to open new office in Shinagawa Season Terrace

Tokyo Century to relocate to Hibiya Crosspark South Tower

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STATS

What Happens to Demolished Office Buildings?

What Happens to Demolished Office Buildings?

More Expecting Downturn Phase in Six Months

Tokyo Office Rents to Rise 16% Over Next Five Years

Logistics Facility Vacancy Rate in Greater Tokyo Area Drops

Real estate industry loans remain strong, outstanding loans exceed Y140tn

MORE

LOCAL

MFLP-REIT reshuffling Y47.6bn worth of assets

MFLP-REIT reshuffling Y47.6bn worth of assets

JMF to sell Osaka store leased site for over 2.5 times appraisal value

Star Asia REIT replaces Osaka asset, invests in Hakone ryokan

Samty Residential REIT to acquire newly built apartments for Y2.7bn

Daiichi Realtor sells hotel in Nippombashi, Osaka

MORE

BUSINESS

Existing condo prices in central Tokyo down for 4th straight month

Existing condo prices in central Tokyo down for 4th straight month

Tokyo commercial land prices jump to 33-year high as remote work ebbs

Tokyo commercial land prices jump to 33-year high as remote work ebbs

Shimizu joins US developer on Atlanta apartment development

Shimizu joins US developer on Atlanta apartment development

Hikari Tsushin, MBK, NEC unit launch $1.7bn buyout for Japan's Leopalace21

Hikari Tsushin, MBK, NEC unit launch $1.7bn buyout for Japan's Leopalace21

Japan's hotel industry checks out of big projects as costs soar

Japan's hotel industry checks out of big projects as costs soar

Hulic and peers spend $1.5bn on Tokyo office tower deal

Hulic and peers spend $1.5bn on Tokyo office tower deal

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DATA

Transaction Data

73 Transactions Data - Up to May, 2009

2009.6.25

103 Transactions Data - Up to April, 2009

2009.5.29

74 Transactions Data - Up to March, 2009

2009.4.30

81 Transactions Data - Up to February, 2009

2009.3.31

3360 Transactions Data - Up to January, 2009 ( CSV only )

2010.1.7

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