Last Update: 09/21 2018 14:00 JST

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Local City Trends

Property investment topics in major second-tier cities

  • LaSalle to acquire Panasonic plant-turned-logistics facility 09.21.2018

    On September 28, Amagasaki Property TMK, a special purpose company formed by LaSalle Investment Management and financed by LaSalle Logiport REIT and others, will acquire Hub Amagasaki, a logistics facility located in Amagasaki City, Hyogo Prefecture. >>

  • Condominium development site traded in Osaka 09.21.2018

    Real estate company Buena Vista of Osaka City purchased 144 m2 of land for development in Otedori, Chuo-ku, Osaka City. The transaction took place in August 2018 and the seller was In The Life, a real estate developer of Osaka City. Buena Vista will construct an apartment building on the site. >>

  • Eight-storey retail building planned in Osaka’s Namba 09.14.2018

    Osaka City real estate company Brave will develop a retail building on a site that is a two-minute walk from Namba Station on the Nankai Line. The building will have 2,752 m2 of gross floor area and completion of the construction is expected to be in February 2020.>>

  • Apa developing 170-room hotel in Osaka’s Namba 09.07.2018

    The Apa Group, a hotel chain operator, obtained 526 m2 of land in Nishi-Shinsaibashi, Chuo-ku, Osaka City in July 2018. Apa consequently owned the land by acquiring the land owner, Apro of Osaka City, the corporate name of which was changed to Apa Real Estate. Apa plans to develop a hotel on the land. >>

  • Mizuho’s One REIT to acquire two office buildings for Y19bn 09.06.2018

    One REIT that is sponsored by Mizuho Trust & Banking Corporation will acquire Tokyo Parkside Building in Kiba, Koto-ku and Higobashi Center Building in Edobori, Nishi-ku, Osaka City on September 21. The acquisition price is 19.38 billion yen [$170 million] in total. >>

  • Pressance sells new hotel in Osaka’s Shinsaibashi 09.04.2018

    Condominium developer Pressance Corporation sold Hotel Oriental Express Osaka Shinsaibashi in Chuo-ku, Osaka City. The transaction took place in April 2018 and the buyer was IBJ Leasing.>>

  • Samty sells newly built hotel in Fukuoka 09.03.2018

    Osaka-based developer Samty sold S-Peria Hotel Hakata in Hakata-ku, Fukuoka City on August 31. The buyer is Hakata Hotel Management GK. It is a special purpose company invested in by Chiyoda-ku based Daiwa PI Partners, which is a subsidiary of Daiwa Securities Group and engaged in the investment business, and others.>>

  • Hulic selected as developer of Osaka medical care facility 08.31.2018

    On August 24, Osaka City selected a group represented by Hulic as the developer of 9,154 m2 of land in Minami-Ogimachi, Kita-ku, Osaka City by a publicly offered proposal method. The offered price was 8 billion yen [$70 million], while the benchmark price was approximately 6.45 billion yen [$56 million]. >>

  • B-Lot acquires Osaka logistics facility 08.30.2018

    Real estate company B-Lot purchased Fashion Service Naniwa Nagao Center, a logistics facility in Hirakata City, Osaka Prefecture. The transaction took place in June 2018 and the seller was Pelican of Osaka City, which runs the restaurant and real estate businesses. >>

  • Nishi-Nippon Railroad developing 100,000 m2 GFA building in Fukuoka’s Tenjin 08.28.2018

    Nishi-Nippon Railroad will construct a mixed-use building consisting of office floors, retail floors and a hotel in the central Fukuoka Tenjin area. The company will reconstruct Fukuoka Building that houses its headquarters and Tenjin Core, an adjacent retail facility, together in a single project. Construction will start in December 2023, with opening of the property targeted for the spring of 2024. >>

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