Industry Trends
Dear Life to acquire real estate company
Real estate company Dear Life will acquire Shinagawa-ku-based real estate company ID. Dear Life aims to accelerate growth by expanding the areas and fields in which it operates. ≫
Kenedix forms residential fund for rental detached housing
Chiyoda-ku-based Kenedix formed and began operating a fund investing in rental detached housing in Tokyo, Kanagawa, Saitama and Chiba. ≫
Es-Con to acquire Osaka real estate companies for Y29.8bn
Real estate company Es-Con Japan decided to acquire Picasso and Yuki Sangyo, which are based in Osaka, as well as six other group companies. All of them are engaged in real estate leasing and management mainly in the Kansai region, and own rental apartments, office buildings, etc. The acquisition price is 29.8 billion yen [$260 million]. ≫
Es-Con invests in value improvement project in Honolulu
Real estate company Es-Con Japan invested $50,000 in the project to improve the value of Waikiki Galleria Tower, a mixed-use building consisting of retail and office floors in Honolulu, Hawaii. ≫
UR to sell over 10,000m2 of land in Kawasaki
The East Japan Urban Renaissance Branch Office of independent administrative institution Urban Renaissance Agency (UR) will solicit buyers for 11,635 m2 of land in Tonomachi, Kawasaki-ku, Kawasaki City. ≫
Mori Trust sells Silicon Valley building to KKR
Mori Trust sold an office building that it owns in San Jose, California via its subsidiary Mori America. The buyer was a fund of major investment company KKR. ≫
Singaporean company becomes largest Tokyo Trust Capital shareholder
Minato-ku-based Tokyo Trust Capital (TTC) received investment from Singapore’s TE Capital Partners in July 2021. TE Capital will support TTC’s growth alongside its existing shareholders such as Minato-ku-based MA Platform, which is chaired by Mori Trust chairman Akira Mori. ≫
Mitsubishi reconstructing Yurakucho Building, Shin-Yurakucho Building
Mitsubishi Estate decided to reconstruct Yurakucho Building and Shin-Yurakucho Building that it owns in Yurakucho, Chiyoda-ku. Both buildings are older than 50 years, and they will be reconstructed in response with the high needs of tenants and to realize a carbon free society. The functions will be... ≫
Successful tender by sponsor leads to Invesco Office J-REIT delisting
U.S.-based Invesco Group revealed that the take-over-bid (TOB) targeting Invesco Office J-REIT was successfully implemented. It will acquire 65.07% of the total investment units. It also plans to... ≫
J1planning embarks on development business
Shibuya-ku's J1planning, which is engaged in the purchase and resale of real estate, will embark on the development of apartment buildings and retail buildings. ≫
Tokyo Tatemono to make Expert Office a subsidiary
Tokyo Tatemono will make Chiyoda-ku-based flexible office operator Expert Office its subsidiary. ≫
Hiroshima Prefecture makes open call for waterfront business proposals
Hiroshima Prefecture made an open call for companies to implement projects in or after March 2025 for more than 100,000 m2 of prefectural land located at the waterfront. ≫
Sankei, Mitsubishi Corp participate in U.S. logistics facility development
Chiyoda-ku based Sankei Building and Diamond Realty Investments (DRI), which is an U.S. subsidiary of trading firm Mitsubishi Corporation, participated in the development of a logistics facility in Indianapolis, State of Indiana, U.S. ≫
CyberAgent makes Realgate a subsidiary
Digital ad agency CyberAgent brought Shibuya-ku-based “creative offices” planner and operator Realgate under its umbrella. By acquiring a majority of the company’s shares, the CyberAgent group is entering the real estate industry, while Realgate will... ≫
Allianz appoints Daisuke Noguchi as Head of Acquisitions
Allianz Real Estate has hired Daisuke Noguchi as Head of Acquisitions at its Japanese arm. He formally worked for J.P. Morgan Asset Management. ≫
Japan Metropolitan Fund to acquire additional NSPR investment units
REIT Japan Metropolitan Fund will acquire all of the new investment units to be issued by Nisshin Private Residential REIT (NSPR). ≫
Starwood’s TOB for Invesco REIT fails
The U.S.’s Starwood Capital Group’s take-over-bid (TOB) targeting Invesco Office J-REIT failed, the two announced. ≫
Singapore’s Genting consortium applied to Yokohama’s IR open call
Resort and casino operator Genting Singapore announced that it applied to the city of Yokohama’s open call for integrated resort (IR) developers. Having formed a consortium with Sega Sammy... ≫
Misawa Homes’ first overseas rental apartment complex near Denver
Major house builder Misawa Homes will participate in the development of a rental apartment complex near Denver, Colorado, U.S. This is its first involvement in an apartment complex project overseas. ≫
Sotetsu Hotel Development to open first Thailand hotel
Yokohama City based Sotetsu Hotel Development in the Sotetsu Group will open a hotel for which it will be directly entrusted with the operation of in Bangkok, Thailand in spring 2024. This will be the first time for the company to open a hotel in Thailand. ≫
MORE NEWS FOR THIS CATEGORY
- Mitsubishi, Tokyo Century to fund U.S. data center development
- Tokaido REIT to list in June with Y30.3bn AUM
- Sotetsu, Mercuria Investment to join Thailand condominium development project
- Invesco REIT and sponsor oppose TOB by Starwood
- JR East establishes asset manager with eye on REIT
- Japan Metropolitan Fund to acquire private REIT investment units
- Sumitomo Forestry and others to develop Seattle suburb residences
- Nippon Steel Kowa to enter student housing business
- MUFG to rebuild Marunouchi headquarters to consolidate offices
- Invesco REIT stays quiet on TOB by Starwood
- Diamond Realty Management creates separate account for Mizuho Leasing
- Starwood to conduct TOB for Invesco Office J-REIT
- Sun Frontier to open day of the week-based offices
- Mitsubishi and Tokyo Century to acquire hotel for Y56bn
- LaSalle Logiport to indirectly invest in Osaka area development
- Genkai Capital invests in Indian for-sale condo project
- PGIM to acquire four residences for Y9.2bn
- Mitsubishi to make JRE AM wholly-owned subsidiary
- Sumitomo Corporation’s PREX series to reduce tenant construction burden
- Kozo Hiratani to oversee Japan business of Grosvenor
- Shizuoka’s Yoshicon to establish Tokaido REIT
- Ivanhoé Cambridge and PAG establish logistics JV
- GLP fund to increase AUM by $2.8bn through second close
- Samty to build high-rise residences in Vietnam for Y35bn
- Open call started for Minato Mirai Block 52 developers
- Mitsui to make TOB for Tokyo Dome
- Bridge C Capital renovating hostel closed due to Covid-19
- Two NTT Urban subsidiary asset managers to merge
- Sumitomo Mitsui Finance to make up to Y132bn TOB for Kenedix
- Mitsubishi starts constructing office building in Barcelona
