Last Update: 06/19 2018 06:00 JST

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Local City Trends

Property investment topics in major second-tier cities

  • Kenedix Residential Next to replace Osaka asset with Kyoto asset 06.18.2018

    REIT Kenedix Residential Next will acquire Excellent Kitano, a residential-type nursing home for the elderly in Kita-ku, Kyoto City, on July 6. The acquisition price is 737 million yen [$6.6 million]. The seller is GK KSLF6, which is a special purpose company of Kenedix. REIT Kenedix Residential Next was established in March 2018 through the merger of two REITs affiliated with Kenedix. With these transactions, the REIT’s acquisition price based AUM will be approximately 192.9 billion yen [$1.7 billion] in 129 properties.>>

  • Malaysian company to develop large complex near Kansai Airport 06.14.2018

    Major Malaysian developer S P Setia will develop a mixed-use facility with a gross floor area of approximately 82,000 m2 in Osaka’s Rinku Town. Its special purpose company responded to a call for developers by the city of Izumisano, Osaka Prefecture, and was selected as the developer. >>

  • Hoosiers acquires Nagoya office building 06.08.2018

    Chiyoda-ku's Hoosiers Asset Management, which is under the umbrella of Hoosiers Holdings, purchased an office building in Imaike, Chikusa-ku, Nagoya City. The transaction took place in May 2018 and the seller was Sato Pharmaceutical of Minato-ku, Tokyo. >>

  • Hiroshima's Marimo focusing on Fukuoka 06.06.2018

    Real estate company Marimo of Hiroshima City, which has acquired and developed retail buildings in areas such as Omotesando and Akihabara in Tokyo, will concentrate its investments in Fukuoka in 2018. >>

  • Nippon Steel & Sumikin Bussan sells Osaka base 05.31.2018

    Metal trading company Nippon Steel & Sumikin Bussan sold Nittetsu Sumikin Bussan Building in Nishi-ku, Osaka City. The transaction took place in January 2018 and the buyer was condominium developer Pressance Corporation. The buyer plans to construct a condominium for sale in units on the site.>>

  • Nomura acquires retail building site in Osaka 05.28.2018

    Nomura Real Estate Development secured a 330 m2 development site in Chayamachi, Kita-ku, Osaka City. The transaction took place in November 2017 and the seller was Sun-Ace Holdings of Osaka City. Nomura Real Estate Development will develop an urban retail facility on the site.>>

  • Sekisui House and Singaporean company opening Moxy hotel in Osaka’s Umeda 05.21.2018

    Sekisui House will develop a Moxy Hotels brand hotel, which is operated by Marriott International. It will be located in Fukushima-ku, Osaka City. The hotel will have 288 guestrooms. It is expected to open in autumn 2020 as Moxy Osaka Shin Umeda. After completion, the building is scheduled to be owned by Sekisui House and Far East Organization, a major real estate developer in Singapore. It is the first time for Far East Organization to invest in Japan. >>

  • Open House sells Nagoya office building 05.17.2018

    Open House Development, which is under umbrella of homebuilder Open House, sold Win Building, an office property in Meieki, Nakamura-ku, Nagoya City. The transaction took place in December 2017. The company sold the property about eight months after the acquisition.>>

  • Condo developer acquires office building in Osaka 05.17.2018

    River Sangyo purchased Koraibashi Building, an office property in Chuo-ku, Osaka City. The transaction took place in November 2017 and the seller was Sekiwa Real Estate Kansai, a Sekisui House group company which had owned the property since April 2016. River Sangyo is a Kishiwada City-based developer and is engaged in the development of for-sale condominiums mainly in Osaka City and other businesses.>>

  • Nine Hours to open its first Nagoya region capsule hotel 05.15.2018

    Nine Hours Property Fund, which is invested in by Bunkyo-ku based Showa Leasing Co. of the Shinsei Bank group and other entities, acquired a 198 m2 development site in Meieki, Nakamura-ku, Nagoya City from multiple individuals in April 2018. It will construct a capsule hotel named Nine Hours which is the same name as the operator based in Minato-ku, Tokyo. This will be the first time for Nine Hours to open a hotel in the region. >>


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