Local City Trends
GLP Japan to develop its second Hiroshima logistics facility
Minato-ku based GLP Japan started the development of GLP Hiroshima II, which will be its second logistics facility in Hiroshima Prefecture. The company will invest approximately 10 billion yen [$85 million] as the total development cost. ≫
Open House disposes building beside Mikage Station in Kobe City
Chiyoda-ku's Open House Development sold an office and retail building in Mikage-Nakamachi, Higashinada-ku, Kobe City. ≫
Kobe Sannomiya land changes hands
Koto-ku construction company Tada acquired a 305 m2 plot in Isogami-Dori, Chuo-ku, Kobe City, Hyogo Prefecture. The seller was... ≫
Healthcare & Medical REIT to acquire 10 properties for Y11.4bn
Healthcare & Medical REIT, the sponsors of which include Ship Healthcare Holdings and NEC Capital Solutions, will acquire 10 properties including fee-based elderly nursing homes for an approximate total of 11.44 billion yen [$97 million]. ≫
Takara Leben REIT to sell three office buildings
REIT Takara Leben will sell three office buildings in Osaka City and Yamagata City. With these transactions, the REIT’s acquisition price-based AUM will be approximately 107.8 billion yen [$910 million]. ≫
Mitsui’s logistics REIT to acquire three properties for Y44.6bn
REIT Mitsui Fudosan Logistics Park (MFLP) will acquire three logistics facilities located in Yachiyo City, Chiba Prefecture, Osaka City, etc. for a total of 44. 6 billion yen [$380 million]. ≫
NBF to replace assets worth total of Y97.2bn
REIT Nippon Building Fund (NBF) will replace assets worth a total of 97.22 billion yen [$820 million]. With these transactions, the REIT’s acquisition price-based AUM will be approximately 1.44 trillion yen [$12 billion]. ≫
Otomo Logistics acquires Kobe City warehouse development site
Otomo Logistics Service of Koto-ku acquired 9,120 m2 of land in Kobe Techno Logistic Park in Mitsugaoka, Nishi-ku, Kobe City. The company will develop a logistics facility with approximately 18,000 m2 of gross floor area on the land. ≫
Hankyu Hanshin REIT acquires Nishinomiya City distribution center site
Hankyu Hanshin REIT, which is sponsored by Hankyu Hanshin Properties, acquired the 7,005 m2 site of a distribution center in Nishinomiya City, Hyogo Prefecture. With this acquisition, the acquisition price-based AUM of the REIT increased to approximately 168.64 billion yen [$1.5 billion] in 32 properties. ≫
Ooedo Onsen's spa facility REIT to sell Nagasaki hotel
Ooedo Onsen REIT will sell Ooedo-Onsen-Monogatari Nagasaki Hotel Seifu. With this transaction, the REIT’s acquisition price based AUM will be approximately 34.45 billion yen [$300 million] in 13 properties. ≫
JPR to replace assets worth Y53.7bn in total
REIT Japan Prime Realty (JPR) decided to replace assets, acquiring three properties including Grand Front Osaka and on the other hand selling two buildings in Osaka City. With a total price of 53.7 billion yen [$460 million], this transaction will increase... ≫
Logistics Fund to acquire warehouse in Amagasaki City, Hyogo
Japan Logistics Fund (JLF), a REIT affiliated with trading firm Mitsui & Co., will acquire a logistics facility in Amagasaki City, Hyogo Prefecture. With this transaction, the REIT’s acquisition price based AUM will be approximately 276.1 billion yen [$2.4 billion]. ≫
KKR makes first Japan property investment in Osaka office
Major U.S. investment company Kohlberg Kravis Roberts (KKR) acquired NLC Morinomiya Building, an office building in Joto-ku, Osaka City. This is the company’s first real estate investment in Japan. ≫
Hong Kong's BPEA acquires Osaka Midosuji hotel for over Y10bn
Baring Private Equity Asia (BPEA) based in Hong Kong acquired a hotel with 306 guestrooms in Chuo-ku, Osaka City. ≫
Sankei, Fuyo General Lease jointly developing office building in Fukuoka
Sankei Building and Fuyo General Lease, both based in Chiyoda-ku, will develop an office building in Tenyamachi, Hakata-ku, Fukuoka City through a special purpose company they jointly formed. Completion is targeted for February 2023. ≫
Ardepro acquires Tokyo office building and Osaka apartment building
Real estate company Ardepro purchased an office building in Sugamo, Toshima-ku, Tokyo and an apartment building in Miyakojima-ku, Osaka City. The seller of both properties was... ≫
Nishitetsu selling two hotels due to Covid-19 pandemic
Nishi-Nippon Railroad (Nishitetsu) decided to sell two hotels in Nishi-Kamata, Ota-ku, Tokyo and Nishiki, Naka-ku, Nagoya City. ≫
Heiwa REIT to acquire three properties
Heiwa Real Estate REIT will acquire a total of three properties, two office buildings and an apartment building. With these transactions, the REIT’s acquisition price based AUM will be 198.79 billion yen [$1.7 billion]. ≫
H2O Retailing to gain Y3.3bn from Osaka land sale
H2O Retailing, which owns Hankyu Hanshin Department Stores, will sell a 4,004 m2 distribution center site in Fukushima-ku, Osaka City. Its expects a gain on sale of 3.3 billion yen [$28 million]. ≫
Mirai REIT to acquire four properties for Y10.6bn
Mirai REIT, which is affiliated with trading firm Mitsui & Co., will acquire a retail facility, an office building and two leased sites for a total of 10.65 billion yen [$92 million]. With these transactions, the REIT’s acquisition price based AUM will be approximately 164.55 billion yen [$1.4 billion]. ≫
MORE NEWS FOR THIS CATEGORY
- GLP J-REIT to sell Hyogo logistics facility for Y6.4 bn
- LaSalle acquires large retail facility beside Koshien Stadium in Hyogo
- Buena Vista acquires development site in Osaka
- Polaris to acquire Sapporo hotel
- A.D. Works acquires Osaka Kitahama apartment building
- Ardepro acquires four properties in Joto-ku, Osaka City
- Invincible REIT to sell 13 apartment buildings for Y10.6bn
- PAG sells Shinsaibashi retail building
- Nakano acquires unopened hotel in Otaru City, Hokkaido
- Haseko acquires apartment building in Namba area
- Japan Excellent REIT to acquire building in Sapporo
- Mitsubishi Corp developing logistics facility in Suita City, Osaka
- Phoenix to conduct large-scale renovation of Shinsaibashi office building
- Shinwa Real Estate acquires 10,000m2 of Osaka city land
- Mizuho affiliated REIT sells Namba apartment to Blackstone
- Sosila Logistics REIT acquiring three properties for Y15bn
- Marimo REIT to sell Fukuoka apartment building
- JRE to additionally acquire Otemachi Financial City for Y6.4bn
- Aqua Resort sells 4,000 m2 site in Urasoe City, Okinawa
- Hoshino Resorts REIT to acquire two Kyushu ryokan inns for Y11.2bn
- Heiwa acquires Fukuoka rental apartment building
- Heiwa REIT to sell Fukuoka City apartment building
- Sankei developing rental apartment in Chuo-ku, Osaka
- Masuya Asset Partners acquires two Kumamoto apartment buildings
- Sunada Property, Pressance sell Osaka Naniwa-ku apartment building
- Japanet Holdings partly acquires Tenjin Business Center
- Mitsubishi private REIT acquires new Kobe Motomachi apartment building
- Takara Leben sells hotel in Nakagyo-ku, Kyoto City
- Rio acquires office buildings in Hakodate City and Tsu City
- B-Lot flips shared house in Toyonaka City, Osaka
