Industry Trends

Most current topics on company strategies, policies, technologies, etc.

SESC recommends administrative dispositions against Es-Con Asset Management

The Securities and Exchange Surveillance Commission (SESC) recommended to the Prime Minister and the Commissioner of the Financial Services Agency that administrative dispositions be conducted against Minato-ku-based Es-Con Asset Management, the asset manager of Escon Japan REIT, stating that there was...

AIC expands business by joining Watahan group

Shinjuku-ku-based AIC, which handles management and sales transaction of real estate, has joined the Watahan group. Watahan & Co., the group’s holding company, acquired all of AIC’s shares, making it a consolidated subsidiary.

FPG to launch U.S. real estate collective investment business

Financial Products Group (FPG) will begin a collective investment business in U.S. real estate targeting domestic small and medium-sized companies as clients. It plans to develop this into its third pillar of business following its mainstays, a leasing fund business and a real estate fund business. Soliciting for investors of the first project will begin in June 2022.

Mitsui & Co., Japan Post Insurance to partner in real estate investment

Trading firm Mitsui & Co. and Japan Post Insurance (Kampo Seimei Hoken) announced that they will collaborate in the asset management business of real estate and other assets. They will establish a new company invested in by both companies and accelerate real estate investment.

Condo developer Ascot launches first private fund for overseas investors

Shibuya-ku-based Ascot, which is engaged in real estate development, recently began operating its first private fund. The fund is a joint venture with verseas institutional investors. Its portfolio contains...

Three Japanese companies acquire rental residence in Seattle

Osaka City based Kanden Realty & Development, Osaka City based Hankyu Hanshin Properties and Chuo-ku, Tokyo based Daiwa Securities Realty acquired a rental residence in Seattle, Washington. It is a joint business with...

Grit subsidiary Liv-up acquires Universal Trust

Tokyo Pro Market-listed real estate company Liv-up acquired 51% of Chiyoda-ku-based apartment developer Universal Trust’s outstanding shares. The company will acquire all shares by October, making it a wholly owned subsidiary.

Diamond Realty Management closes eighth mezzanine fund

Chiyoda-ku based Diamond Realty Management (DREAM) completed the fundraising for Dream Mezzanine Debt Fund 8. This is the eighth private fund specializing...

JR West establishes private fund, eyes establishment of REIT

West Japan Railway (JR West) established GK JR West Fund No. 2, which is a private real estate fund with an AUM of approximately 14 billion yen [$110 million].

Kansai Electric subsidiary selling 208 housing lots near Sydney

Kanden Realty & Development joined residential site development project near Sydney, through its Australian subsidiary Kanden Realty & Development Australia.

Haseko Corp invests in Sumitomo Forestry’s private U.S. fund

Haseko Corporation, a general contractor and condominium developer, invested in a private U.S. real estate development fund which takes the environment, society and governance (ESG) into consideration that was formed by Sumitomo Forestry and Sumitomo Forestry’s North Carolina-based subsidiary Crescent Communities.

Apa Group to acquire hotel in Calgary, Canada

Minato-ku based Apa Group, which operates Apa Hotels, will acquire Regency Suites Hotel in Calgary, Alberta, through its Canadian subsidiary Apa Hotel Canada based in Vancouver, British Columbia.

Daiwa House to develop rental apartment in Maryland

Daiwa House Industry started construction of St. Elmo Project, a rental apartment in Bethesda, Maryland, through its U.S. subsidiary Daiwa House Texas.

KKR to acquire Mitsubishi Corp. - UBS Realty for Y230bn

Kohlberg Kravis Roberts (KKR), a major U.S. investment firm, will acquire all shares of Mitsubishi Corp. - UBS Realty (MC-UBSR), the asset manager of listed REITs Japan Metropolitan Fund (JMF) and Industrial & Infrastructure Fund (IIF). Made through an affiliate, the transaction price is 230 billion yen [$1.9 billion].

SMFL Mirai Partners and Kenedix make joint Singapore investment

Chiyoda-ku based SMFL Mirai Partners, which is a consolidated subsidiary of Sumitomo Mitsui Finance and Leasing, and Chiyoda-ku based Kenedix acquired 50% ownership interest in a mixed-use office building in Singapore, together with ARA Asset Management based in Singapore.

Mori Trust acquires office buildings in Virginia, U.S.

Mori Trust acquired two office buildings in the northern part of Virginia through Mori America, which is its U.S. subsidiary based in Wilmington, Delaware.

Government to sell floors of Otemachi Place

Mizuho Trust & Banking issued a public notice for the bid of Otemachi Place in Otemachi, Chiyoda-ku. The floors owned by the government will be sold, and applications for participation in the bid will be accepted until April 22.

Nippon Steel Kowa acquires 150 residential units in U.S.

Nippon Steel Kowa Real Estate acquired a rental apartment community in the suburbs of Scottsdale, Arizona, U.S. This is a joint venture with...

GLP to invest over Y1tn in data center development in Japan

GLP Japan is entering the Japanese data center market, investing more than 1 trillion yen [$8.5 billion] in total in land, buildings, facilities and management to supply data centers in the Tokyo metropolitan area, Kinki region and other areas.

Shinoken REIT postpones IPO due to deteriorating market

Shinoken Group announced that it would postpone the listing of Shinoken REIT. Though it was approved for listing by the Tokyo Stock Exchange (TSE) on February 2, it is revising its schedule due to changes in the external environment.

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