Last Update: 04/26 2018 05:56 JST

Local City Trends

Property investment topics in major second-tier cities

  • Louis Vuitton developing retail building in Osaka’s Shinsaibashi 04.23.2018

    The Japanese arm of Louis Vuitton will develop a retail building in Shinsaibashi, Osaka City. The building will have seven floors above ground and one below with 4,182 m2 of gross floor area. Completion is scheduled for November 2019.>>

  • Singapore’s Thakral invests in sixth Osaka City property 04.20.2018

    Thakral of Singapore acquired an office building and a hotel in Osaka City through a special purpose company in January 2018. In addition, it secured a development site for a retail building in the city in March. Thakral has now invested in a total of six Japanese real estate properties. >>

  • Nippon Life sells ownership interest in Osaka office 04.11.2018

    Nippon Life Insurance sold its ownership interest in Sanyo Nissay Kawaramachi Building, an office property in Chuo-ku, Osaka City, to the other owners. The transaction took place in September 2017 and the buyers were the group of four companies led by Fukuyama City's Sanyo Senko, which is engaged in the textile business. >>

  • Tokyu Land developing 115-unit student housing in Kyoto 04.09.2018

    Tokyu Land will develop a student accommodation property in Ukyo-ku, Kyoto City. The structure will have seven floors above ground with 2,506 m2 of gross floor area. The apartment building will offer 115 studio units with about 17 m2 of floor area. Completion is targeted for February 2019. >>

  • Hankyu REIT acquires leased sites in Kansai region 03.30.2018

    Hankyu REIT, which is sponsored by Osaka-based railway operator Hankyu Hanshin Holdings, purchased the leased site of tentatively named Mandai Nigawa Store in Takarazuka City, Hyogo Prefecture and Lamu Higashiosaka Branch in Higashi-Osaka City, Osaka Prefecture. The transactions took place on March 27 and the price was 4.13 billion yen [$38 million] in total. >>

  • Sekisui JV granted rights to redevelop Fukuoka school site 03.30.2018

    Fukuoka City chose a corporate group represented by Sekisui House to be granted the preferential negotiation rights for the redevelopment project of the former site of Daimyo Elementary School in the center of Fukuoka. A total of 11 companies including Nishi-Nippon Railroad and Mitsubishi Estate are also members of the group. The site is adjacent to the Tenjin District, which is the busiest district in the Kyushu region, and is positioned as one of the core areas of the “Tenjin Big Bang” redevelopment project by Fukuoka City. >>

  • Restaurant producer Akinai sells two apartment buildings in Osaka 03.30.2018

    It has come to the light that two rental apartment buildings with 214 units in Osaka City were sold. The seller of the relatively newly built properties was Akinai of Osaka City, which provides comprehensive consultation services for the opening of restaurants.>>

  • Frontier REIT’s AUM to exceed Y300bn with Zara Nagoya acquisition 03.27.2018

    REIT Frontier will acquire Sakae Globe, which is occupied by Zara’s Nagoya store, on March 28. The transaction will be for 60% of quasi co-ownership interest at 9.3 billion yen [$85 million]. The seller is Mitsui Fudosan, which is its sponsor. With this transaction, the REIT’s acquisition price based AUM will be 302.7 billion yen [$2.8 billion] in 34 properties.>>

  • Brewer Sapporo sells office building in Osaka 03.27.2018

    Sapporo Real Estate, which is under the umbrella of major brewery group Sapporo Holdings, sold Seiwa Koraibashi Building, an office property in Chuo-ku, Osaka City. The transaction took place in October 2017 and the buyer was Mitani Sekisan of Fukui City, Fukui Prefecture. The buyer is engaged in a variety of businesses including those utilizing secondary concrete products, operating of business hotels and the real estate leasing business.>>

  • Building maintenance company acquires old office building in Osaka 03.23.2018

    Biken Techno of Suita City, Osaka Prefecture purchased Toko Building, an office property in Azuchimachi, Chuo-ku, Osaka City. The transaction took place in September 2017 and the seller was textile trading company Toko Shoji of Osaka City.>>

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