Last Update: 01/21 2022 17:00 JST

Industry Trends

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

CPPIB to invest in Japan with Mitsubishi Estate

Canada Pension Plan Investment Board (CPP Investments) will start investing in real estate in Japan in collaboration with the Mitsubishi Estate group. The initial equity is...

JMF to increase private REIT ownership ratio to 17%

REIT Japan Metropolitan Fund, which is affiliated with trading firm Mitsubishi Corporation, will additionally acquire 1,440 investment units of Nisshin Private Residential REIT.

Mitsui & Co. to secure data centers worth Y300bn

Trading firm Mitsui & Co. will strengthen its investment business in data centers. It plans to secure data centers worth 300 billion yen [$2.6 billion] in total by 2026 by also utilizing investments by external institutional investors and loans from financial institutions.

Grit Partners acquires real estate company Liv-up

Minato-ku-based real estate-related investment and PropTech company Grit Partners acquired real estate company Liv-up, which is listed on the professional investment market Tokyo Pro Market, in November 2021.

Norinchukin Bank group to form private REIT

Chiyoda-ku-based Norinchukin Bank, Chuo-ku-based JA Mitsui Leasing and Chuo-ku-based JA Mitsui Leasing Tatemono will launch an unlisted open-end private REIT.

Star Asia REIT to conduct sixth mezzanine loan investment

Star Asia REIT will conduct its sixth mezzanine loan investment. The REIT plans to continue investing in mezzanine loan claims which it expects to increase dividends.

JR Kyushu forms private REIT, commence operations next spring

Kyushu Railway (JR Kyushu) announced on December 8 that it established JR Kyushu Private REIT. It will make preparations towards the commencement of operations in spring 2022.

Diamond Realty Management forms U.S. logistics development fund

Chiyoda-ku based Diamond Realty Management (DREAM), which is a subsidiary of trading firm Mitsubishi Corporation, formed DREAM US Fund 4. This is the fourth fund in the series which provides investment opportunities in real estate development projects in the U.S. to Japanese institutional investors.

APL receives Y3.6bn for energy-saving renovation

General incorporated association Real Estate Sustainability & Energy-Efficiency Diffusion (Re-Seed) invested around 3.6 billion yen [$31 million] in a special purpose company of Asia Pacific Land (APL), which owns the retail facility Coaska Bayside Stores (formerly Shoppers Plaza Yokosuka) in Yokosuka City, Kanagawa Prefecture.

Mitsui O.S.K. Lines to make TOB for Daibiru

Mitsui O.S.K. Lines announced that it will conduct a take-over-bid (TOB) for Daibiru, an Osaka-based developer which is listed on the first section of the Tokyo Stock Exchange. Mitsui O.S.K. Lines already owns 51.95% of the shares of Daibiru and have it as a consolidated subsidiary, but intends to...

Fire at GLP J-REIT asset, impact on performance unclear (updated)

GLP J-REIT announced on November 29 that a fire broke out at its portfolio asset GLP Maishima II. It will report on the cause of the fire, the damage and the impact on performance as soon as these are known.

Kasumigaseki Capital, Mitsubishi HC Capital jointly developing logistic facilities

Kasumigaseki Capital and Mitsubishi HC Capital concluded a joint venture agreement regarding logistics facility development projects. The two companies aim to develop logistics facilities with a total project cost of 200 billion yen [$1.7 billion] over the next three years.

Sumitomo Forestry to develop 3,000 U.S. homes for rent

Sumitomo Forestry will begin developing a total of 3,000 single-family rental homes in 14 locations in the southeastern United States this year.

Genkai Capital invests in India slum redevelopment project

Fukuoka City based Genkai Capital Management invested in the development project of Royal Pristo, a for-sale condominium including retail spaces in Mumbai, India.

Mitsui & Co. sells California rental housing for $156mn

Trading firm Mitsui & Co.’s U.S. subsidiary MBK Real Estate (MRE) sold rental housing complex Artesa at Menifee Town Center in California, U.S.A., a total of 37 buildings or 330 units. The sale price was $156 million.

Ryusuke Shigetomi appointed chairman of Blackstone’s Japanese arm

The Blackstone Group of the U.S. announced that Ryusuke Shigetomi was appointed as the chairman of Blackstone Group Japan, which is its Japanese arm.

Jon Tanaka to head up Hines investments in Japan

Major U.S. real estate company Hines appointed Jon Tanaka, who played key roles at Deutsche Bank and Angelo Gordon, as its Japan representative. This was done to firm up its team to invest in Japan in earnest.

Samty to form REIT specializing in hotels

Chiyoda-ku-based Samty Asset Management, which is funded by real estate company Samty and Daiwa Securities Group, will establish Samty Japan Hotel REIT, a REIT specializing in hotels.

Keio Corp, Keio Reality to incentivize tenants along Keio Line

Tama City-based railway operator Keio Corporation and Shibuya-ku-based Keio Realty & Development will launch a program to discount rent at two rental office buildings along the Keio Line. The targets are corporations that newly occupy the buildings.

Toden Real Estate to establish its first shared office

Toden Real Estate in the Tokyo Electric Power Company (TEPCO) group will establish its first shared office “Working Park En” at Riviera Minami-Aoyama Building A in Minami-Aoyama, Minato-ku.

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