Last Update: 10/19 2018 12:00 JST

Retail Fund to acquire Aoyama property for Y12bn

Japan Retail Fund (JRF), a REIT associated with trading house Mitsubishi Corporation, will acquire R2, which is a retail building in Minami-Aoyama, Minato-ku, on October 25. The acquisition price is 12.2 billion yen [$100 million]. The REIT will operate the property under the name of G-Bldg. Minami Aoyama 03.>>

Blackstone acquires large office building in Osaka

A special purpose company which appears to be affiliated with U.S.-based Blackstone Group acquired Edobori Center Building, a large office building in Nishi-ku, Osaka City, in August 2018. The seller was Phoenix Property Investors, a real estate fund management company based in Hong Kong.>>

Korean food importer sells office building in Shinjuku-ku

Koraidou of Shinjuku-ku, which imports and sells Korean food, sold Second Monami Building, an office property in Kabukicho, Shinjuku-ku. The transaction took place in May 2018. The buyer was Flowell Inc. based in the Independent State of Samoa.>>

Mirai REIT acquiring warehouse and four hotels for Y21bn

On November 1, REIT Mirai will purchase four hotels and one logistics facility for a total price of 21.15 billion yen [$180 million]. The four hotels will be acquired from Ichigo's subsidiaries or special purpose companies and the purchase agreements were signed on October 16. The seller of the logistics facility was an SPC formed by Mitsui & Co. Asset Management Holdings, the sponsor of Mirai. The purchase agreement will be concluded on October 31. >>

Daiwa Securities private REIT acquires Saitama apartment building

Daiwa Residential Private REIT acquired Resivert Omiya, a rental apartment building in Kishikicho, Omiya-ku, Saitama City. The transaction took place in May 2018 and the seller was an individual. >>

BCG moving into Nihonbashi-Muromachi Mitsui Tower

The Boston Consulting Group (BCG) will relocate its Tokyo office to Nihonbashi-Muromachi Mitsui Tower (Nihonbashi-Muromachi 3-Chome District Category I Urban Redevelopment Project Block A), which will be completed in March 2019, according to sources. Nihonbashi-Muromachi Mitsui Tower is currently being constructed on a site to the north of Nihonbashi Mitsui Tower by Mitsui Fudosan and other entities. >>


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Feature: Outbound Investments

Pursuit of Diversification

Overseas acquisition amount reaches record high at $3.5 billion

Investment by Japanese companies in overseas real estate has grown consistently since 2015. In addition to real estate companies and trading companies, various companies such as life insurance and railroad companies have started investment in overseas real estate. Investment methods have diversified from direct investment in properties to fund formation and financing, M&As and company establishment. Areas of investment have also expanded from Asia to Europe and the United States. >>

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