Last Update: 06/25 2018 11:30 JST

JLL hires Negishi, former DekaBank Japan rep

Jones Lang LaSalle hired Kenichi Negishi who formerly worked at the Japanese arm of Germany-based DekaBank. He is working as the Deputy Managing Director of Capital Markets from June 1. He also serves as the head of the newly established Institutional Client Group at JLL.He will be engaged in the advisory business for major clients by utilizing his extensive experience in the industry as an expert of real estate finance. >>

Nippon Tochi-Tatemono incorporates Bunkyo-ku hotel into private REIT

Nippon Tochi-Tatemono Private REIT acquired NTPR Korakuen Building in Hongo, Bunkyo-ku. The transaction took place in May 2018. The seller was a special purpose company formed by Nittochi Asset Management of Chiyoda-ku, which is the asset management company of the REIT. >>

Obayashi-Shinseiwa acquires office building in Konan, Minato-ku

Obayashi-Shinseiwa Real Estate, a subsidiary of general contractor Obayashi, acquired Igin Building, an office building in Konan, Minato-Ku in March 2018. The property has eleven floors above ground with a gross floor area of 10,434 m2. The seller was women’s formal outfit manufacturer Tokyo Igin.>>

Sumitomo Mitsui Finance acquires hotel site, warehouse in Osaka

Sumitomo Mitsui Finance and Leasing (SMFL) acquired 883 m2 of land for a hotel development in Chuo-ku, Osaka City. The transaction took place in December 2017. In addition, it has come to light that the company also obtained D Project SC Nishiyodogawa III, a large logistics facility in Nishiyodogawa-ku, from Daiwa House Industry in October of the same year. >>

Odakyu acquires Chiyoda-ku fully-occupied office building

Shibuya-ku's Odakyu Real Estate, a subsidiary of Odakyu Electric Railway, acquired Ise Iwamotocho Building, an office property in Iwamotocho, Chiyoda-ku. The transaction took place in June 2018. The seller was Taito-ku's Ise Reality, which is engaged in the real estate business and the sale of natural foods. Odakyu Real Estate sets its strategy to increase lease assets and is particularly focusing on office buildings in the five wards of Tokyo.>>

WHAT'S IN THE MONTHLY REPORT: JUNE 2018Past Monthly Reports

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Survey

Supply Almost Doubles

Entering mass supply towards 2020 with 110 buildings underway

A total of 110 large-scale office buildings, each with a gross floor area of at least 10,000 m2, are to be completed in the 23 wards of Tokyo in or after 2018 for an aggregate gross floor area reaching 11.6 million m2. The number of plans for buildings that were newly added from last year's survey was 13, which was relatively small, but the aggregate gross floor area exceeded the 10.66 million m2 recorded in last year's survey. While large-scale projects are being revealed, we have entered the period of mass supply with the peak in 2020, and large relocations by tenants are becoming active.>>

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