Last Update: 06/22 2018 06:00 JST

Industry Trends

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

  • Kajima commences management of private REIT 06.21.2018

    Chiyoda-ku based Kajima Real Estate Investment Advisors, a subsidiary of general contractor Kajima, commenced management of Kajima Private REIT on June 20. The initial AUM is approximately 25 billion yen [$220 million]. It aims to expand its asset size to a scale of 100 billion yen [$890 million] in five years. >>

  • Tokyo calls for developers of leased land in Bunkyo-ku 06.20.2018

    From June 2018, the Bureau of Transportation of the Tokyo Metropolitan Government started soliciting for leaseholders of the fixed-term leasehold for business use for 7,255 m2 of land owned by the Tokyo Metropolitan Government in Otsuka, Bunkyo-ku. The land will be leased from March 2019 for 30 years to 40 years and the minimum monthly rent will be 10.70 million yen [$96,000], or 1,475 yen [$13] per m2.>>

  • Open call for Sengakuji Station developers restarts 06.14.2018

    Tokyo Metropolitan Government started an open call for collaborators on the Sengakuji Station District Category II Urban Redevelopment Project again on June 12. Procedures for expressing the intent to participate in the open call can be conducted until June 18. >>

  • JR East to open hotel in Sapporo, first time outside its area 06.11.2018

    East Japan Railway (JR East) group will newly develop hotels in three locations including Sapporo where it will open the first hotel outside the area of JR East, with an aim to expand its business areas. It will also renew the concept and logo of Hotel Metropolitan and Hotel Mets, which are hotel brands of JR East group, and aims to increase the recognition of the hotel business of the group. >>

  • Colliers to start sales brokerage in Japan 06.01.2018

    Colliers International, a major real estate service company, will be engaged in brokerage of sales transactions of commercial real estate in Japan. It appointed Hideki Ota from Jones Lang LaSalle as Division Head of Capital Markets and Investment Services (CMIS), effective as of June 1. >>

  • TIAA plots Y100bn investment in Japanese residential properties 05.30.2018

    TH Real Estate, which is the real estate investment arm of Teachers Insurance and Annuity Association of America (TIAA), started investing in rental residences in Tokyo with institutional investors. It initially has six properties worth 19.5 billion yen [$180 million] in its portfolio. >>

  • Yokohama calls for developers of Minato Mirai Block 62 05.16.2018

    Yokohama City started an open call for developers of Block 62 in the central district of Minato Mirai 21 in April 2018. The land area is 22,188 m2. The block faces the seashore and Yokohama City is looking for proposals that will utilize the locational characteristics of the waterfront. >>

  • Takuto Holdings to launch minpaku business through subleasing 05.02.2018

    Osaka City based Takuto Holdings, which is engaged in real estate management and other businesses, will launch the minpaku (home sharing) business through subleasing. It will lease apartments and such in their entirety from real estate owners and operate them as minpaku properties.>>

  • Kobe Steel to sell shares in real estate subsidiary to Tokyo Century, etc. for Y74bn 05.01.2018

    Kobe Steel will sell 75% of its shares of Shinko Real Estate, which is its subsidiary, for approximately 74 billion yen [$680 million]. Tokyo Century, which is affiliated with trading firm Itochu, will acquire 70% and Nippon Tochi-Tatemo, a developer, will acquire 5% of the shares on July 1.>>

  • Japan's fourth high-rise in Osaka converted into hotel 04.18.2018

    Property management company Nippon Kanzai decided in March 2018 to join the operation business of a hotel which is scheduled to open at Osaka Prefectural Government Sakishima Building (Sakishima Cosmo Tower) in Suminoe-ku, Osaka City. Minato-ku based Tokyo Capital Management, which is its subsidiary, will lease all the hotel floors and sublease them to Osaka City based Sakishima Cosmo Tower Hotel, which is the operator. Nippon Kanzai will invest one-third of the equity in the operator. >>

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