Last Update: 02/22 2019 14:00 JST

Retail Fund selling Tokyu Hands occupied Osaka building

Japan Retail Fund (JRF), a REIT associated with trading house Mitsubishi Corporation, will sell 8953 Osaka Shinsaibashi Building, which is leased by Tokyu Hands in its entirety, in August 2019. The sales price is 14.9 billion yen [$130 million]. >>

Nomura to redevelop on former Hotel Okura Tokyo Annex site

Nomura Real Estate Development will redevelop Hotel Okura Tokyo Annex in Roppongi, Minato-ku into two super high-rise buildings composed of a residential building and an office building with an aggregate gross floor area of approximately 111,000 m2. >>

Mitsubishi developing apartment building in Iidabashi, Chiyoda-ku

Chiyoda-ku's Mitsubishi Jisho Residence will start construction of a rental apartment building in Iidabashi, Chiyoda-ku in April 2019. The structure will have 12 floors above ground with 2,661 m2 of gross floor area. >>

Fuyo General Lease acquires 50% of large Toyosu building

Fuyo General Lease, which is affiliated with the Mizuho Financial Group, acquired 50% of the ownership to Hulic Toyosu Prime Square in Toyosu, Koto-ku in December 2018. The seller was Hulic, which still owns the remaining 50% ownership interest in the building. >>

Es-Con acquires two retail facilities beside Tsukuba Station in Ibaraki

Real estate company Es-Con Japan purchased retail facilities in Tsukuba City, Ibaraki Prefecture. The facilities have a total of around 110 tenants and their occupancy rate exceeds 90% as of December 2018. >>

WHAT'S IN THE MONTHLY REPORT: FEBRUARY 2019Past Monthly Reports

cover image
Transactions: 2018

Active Land Transaction

Sales transaction amount returns to downward trend

The sales transaction amount returned to the 2016 level again in 2018 from the 2017 amount that recorded the highest ever recorded since the global financial crisis. While property acquisitions by listed REITs remain strong, big deals by foreign players decreased and the sales transaction amount remained stagnant. In particular, a downward trend was seen in the second quarter (April to June) onwards and the market is becoming more uncertain. Land transactions including investments in large-scale development sites and leased land were active.>>

Occupier Market | Market Knowledge | Deals Roundup | Relocation Update | News Digest

Most Read Articles

  • Today
  • Weekly
  • Monthly

Daily headline feeds twitter twitter

MORE SURVEY AND ANALYSIS Our regularly updated proprietary survey on market trends.

CLOSING RENT SURVEY

Our proprietary survey of closing rents for rental office buildings in Tokyo and Yokohama.

RETAIL RENT SURVEY

Advertised rents and vacancy on major shopping streets in Ginza, Omotesando, Shinjuku, etc.

PROJECT MAP

A map and list of the 160 large-scale office building development projects currently in progress in Tokyo.

OFFICE CAP RATES

Quarterly cap rate survey on office building transactions, based on our proprietary estimation

About Us

Founded in 1969, Nikkei Business Publications is the publisher of the Nikkei Real Estate Market Report and is the leading provider of business information and commercial property transaction data for Japan. Part of the Nikkei Group, one of the world's largest financial media companies, Nikkei Business Publications is based in Tokyo and has over 900 employees.

Editorial Hotline

Please direct your questions and comments on our editorial contents to Jun Homma.

+81-3-6811-8875
realesate[at]nikkeibp.co.jp

For questions on fees, passwords, etc.,
please contact Customer Service. >>