Local City Trends

Property investment topics in major second-tier cities

Artplan sells closed hotel in Fukuoka

Real Estate company Artplan of Chiyoda-ku sold former Hotel Sunline Fukuoka Ohori in Otemon, Chuo-ku, Fukuoka City. The buyer was...

Advance Residence to acquire Fukuoka rental apartment building

REIT Advance Residence, which is affiliated with trading firm Itochu, will acquire a rental apartment building in Hakata-ku, Fukuoka City. With this transaction, the REIT’s acquisition price-based AUM will be approximately 468.79 billion yen [$3.6 billion] in 277 properties.

Dai-ichi Life makes first apartment acquisitions outside Tokyo

Dai-ichi Life Insurance acquired three apartment buildings in Nagoya City and Osaka City. These are the first acquisitions of residential properties outside Tokyo for the company.

Mitsubishi JV developing 110,000m2 GFA building in Nagoya

Five companies, namely Mitsubishi Estate, department store operator Parco of Toshima-ku, Japan Post Real Estate of Chiyoda-ku, Meiji Yasuda Life Insurance of Chiyoda-ku and newspaper publisher Chunichi Shimbun of Nagoya City, will start construction of a mixed-use building in Naka-ku, Nagoya City. The building will have 41 floors above ground and four below with approximately 109,700 m2 of gross floor area.

Sekisui House REIT to conduct Y35.7bn asset replacement

Sekisui House REIT will acquire two residential properties in Tokyo and sell a hotel in Kyoto City. With this transaction, the REIT’s acquisition price-based AUM will be approximately 554.47 billion yen [$4.2 billion].

Hoshino Resorts REIT to acquire Okinawa resort hotel

Hoshino Resorts REIT will acquire 77.47% co-ownership interest in Hoshinoya Okinawa, a resort hotel in Yomitan Villag, Okinawa Prefecture. The price is 12.21 billion yen [$93 million].

United Urban to sell rental residence in Sapporo

United Urban, which is a REIT affiliated with trading firm Marubeni, will sell a rental residence in Kita-ku, Sapporo City. With this transaction, the REIT’s acquisition price based AUM will be approximately 679.21 billion yen [$5.2 billion] in 135 properties.

Es-Con acquires three buildings in central Nagoya

Real estate company Es-Con Japan acquired three adjacent buildings including a retail building in Sakae, Naka-ku, Nagoya City. The seller was...

Ace Corporation sells apartment building in Yodogawa-ku, Osaka City

Osaka City's Ace Corporation, a group company of Sunada Property of Hirakata City, Osaka Prefecture, sold a rental apartment building in Niitaka, Yodogawa-ku, Osaka City.

B-Lot purchases apartment building in Suita City, Osaka

Real estate company B-Lot acquired an apartment building in Enokicho, Suita City, Osaka Prefecture. The company plans to...

Tokyo Tatemono JV constructing warehouse in Fukuoka Island City

The four companies of Tokyo Tatemono, Tokyu Land, newspaper publisher Nishinippon Shimbun and trading firm Marubeni will construct a multi-tenant logistics facility in Island City, an artificial island facing Hakata Bay in Higashi-ku, Fukuoka City. Construction will start in July 2022, with completion targeted for January 2024.

Osaka Gas subsidiary starting first warehouse development in Osaka

Osaka Gas Urban Development and Mitsui Fudosan will jointly develop a logistics facility in Torishima, Konohana-ku, Osaka City. This is the first logistics facility project for Osaka Gas Urban Development.

Alyssa Partners acquires Shin-Osaka apartment building

Alyssa Partners of Hong Kong and Q Investment Partners (QIP) of Singapore jointly acquired a rental apartment in Higashiyodogawa-ku, Osaka City. This is the first joint investment by the two companies. Alyssa Partners, the asset manager, opened an office in Tokyo in November 2020 in addition to its Hong Kong office.

JA Mitsui Leasing acquires leased site of supermarket in Kakogawa City, Hyogo

JA Mitsui Leasing of Chuo-ku acquired 4,970 m2 of land in Kakogawa City, Hyogo Prefecture, which is part of the leased site of a supermarket.

Hulic developing mixed-use building connected to Shinsaibashi Station

Four companies, namely Hulic, general contractor Takenaka, JR West Real Estate & Development and fashion mall operator Parco, disclosed the outline of the plans for a high-rise building that is 132 m in height and is connected directly to Shinsaibashi subway station.

Mitsubishi private REIT acquires apartment building near Kobe Station

Nippon Open Ended, a private REIT, acquired a rental apartment building in Nishidemachi, Hyogo-ku, Kobe City.

Takara Leben REIT to acquire Higashiosaka apartment building

REIT Takara Leben will acquire an apartment building in Higashiosaka City, Osaka Prefecture.

Ichigo Hotel REIT to acquire hotel from Mirai REIT

Ichigo Hotel REIT will acquire a hotel in Minami-Chitose, Nagano City. The price is 670 million yen [$5 million]. The seller is Mirai REIT, which is affiliated with trading firm Mitsui & Co. With this transaction, Ichigo Hotel REIT’s acquisition price based AUM will be approximately 52.58 billion yen [$390 million] in 24 properties.

Fukuoka REIT, Fukuoka Jisho to acquire 40,000m2 of land

Fukuoka REIT and its sponsor, Fukuoka City-based Fukuoka Jisho, will together acquire approximately 41,181 m2 of land facing Hakata Bay.

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...

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