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Local City Trends

Property investment topics in major second-tier cities

  • Haseko acquires 15,000 m2 of land in Nagoya from Panasonic 08.17.2018

    Haseko Corporation, a housing contractor, acquired 15,234 m2 of land in Meieki-Minami, Nakamura-ku, Nagoya City. The transaction took place in June 2018 and the seller was Panasonic.>>

  • Es-Con sells hotels in Tokyo, Osaka 08.02.2018

    Condominium developer Es-Con Japan decided to sell two buildings including Nest Hotel Tokyo Hanzomon, a budget hotel in Hayabusacho, Chiyoda-ku. The decision was made in June 2018.>>

  • Osaka office building changes hands 08.01.2018

    Special purpose company Tosca TMK obtained Tosabori IN Building, an office property in Nishi-ku, Osaka City. The transaction took place in March 2018. >>

  • Legal Corporation acquires Osaka office building from Mitsui 07.30.2018

    Osaka City real estate company Legal Corporation acquired Nishikawa Mitsui Building in Kitahama, Chuo-ku, Osaka City. The transaction took place in March 2018 and the sellers were Mitsui Fudosan and multiple individuals.>>

  • Sumitomo Corp sells Universal Studios Japan leased site interest 07.27.2018

    Trading firm Sumitomo Corporation sold part of the leased site of Universal Studios Japan in Konohana-ku, Osaka City and Dormy Inn Osaka Tanimachi in Chuo-ku, Osaka City. The transactions took place in April 2018 and the buyer of both properties was IBJ Leasing (Kogin Lease). >>

  • JR West Properties acquires office building in Osaka 07.26.2018

    JR West Properties purchased Ichimura Sangyo Building, an office property in Chuo-ku, Osaka City. The transaction took place in March 2018 and the seller was Ichimura Sangyo, which is part of the Toray Industries group.>>

  • Star Asia REIT to replace office with hotel in Fukuoka 07.25.2018

    REIT Star Asia decided on July 23 to acquire Hotel WBF Fukuoka Tenjin Minami in Chuo-ku, Fukuoka City. The acquisition price is 1.97 billion yen [$17.3 million]. The seller is a special purpose company of a fund in which the management team of Star Asia Group, the REIT’s sponsor, makes investment decisions. The property will be handed over by December 2018. >>

  • Rino Hotel Management developing 101-room hotel in Osaka 07.25.2018

    Rino Hotel Management of Osaka City acquired 719 m2 of land in Soemoncho, Chuo-ku Osaka City. The transaction took place in February 2018. The company will develop tentatively-named Welina Hotel Shinsaibashi and manage it on its own. The opening of the hotel is targeted for April 2019. >>

  • Cosmos Initia acquires Osaka apartment building for resale 07.24.2018

    Condominium developer Cosmos Initia purchased I Cube Kawarayamachi, a rental apartment building in Kawarayamchi, Chuo-ku, Osaka City. The transaction took place in March 2018 and the seller was real estate company I.S.O. of Osaka City.>>

  • Daimaru Matsuzakaya may join Osaka development project 07.23.2018

    Daimaru Matsuzakaya Department Stores acquired co-ownership interests in four buildings including Shinsaibashi Plaza Building Honkan in Osaka. The transactions took place in April 2018. It is believed that the company and co-owners Hulic, general contractor Takenaka and JR West Real Estate & Development are planning some form of development. >>

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