Last Update: 01/21 2019 14:30 JST

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Local City Trends

Property investment topics in major second-tier cities

  • Nomura Master Fund selling five properties for Y5.3bn 01.18.2019

    REIT Nomura Real Estate Master Fund will sell five apartment buildings in Osaka Prefecture and Nagoya City for a total price of approximately 5.35 billion yen [$48 million] on February 8. >>

  • B-Lot renovating traditional townhouse into ‘machiya-style’ hotel, Kyoto 01.18.2019

    Real estate company B-Lot acquired two adjacent traditional houses with retail space at the front (machiya) in Ebisuyacho, Shimogyo-ku, Kyoto City by November 2018. The sellers were Kyoto City-based real estate company Top Estate and multiple individuals. On the site, B-Lot will develop a hotel that mainly targets foreign tourists. >>

  • Mitsubishi's private REIT acquires apartment buildings in Osaka 01.17.2019

    Nippon Open Ended, a private REIT managed by Mitsubishi Jisho Investment Advisors of Chiyoda-ku, acquired two rental apartment buildings in Osaka City. The transactions took place in August 2018 and the seller was Sunada Property of Hirakata City, Osaka Prefecture. >>

  • Itochu Property Development secures Osaka condominium development site 01.08.2019

    Four companies, namely Itochu Property Development of Minato-ku, Tokyu Land, Kintetsu Real Estate of Osaka City and NTT Urban Development, acquired 1,372 m2 of land in Azuchimachi, Chuo-ku, Osaka City for development. The transaction took place in June 2018. The companies plan to construct a tower condominium that will provide about 175 residential units. >>

  • Keihan Electric Railway’s private REIT acquires apartment in Osaka 12.28.2018

    Keihan Private REIT acquired ForeCity Nishihonmachi, a rental apartment in Nishi-Hommachi, Nishi-ku, Osaka City, in August 2018. It plans to manage it under the new name of Fine Bloom Utsubo Koen. The seller is a special purpose company affiliated with the Ichigo group.>>

  • Es-Con to acquire retail facility in Suita City for Y8.3bn 12.27.2018

    Es-Con Japan, a real estate company based in Chiyoda-ku, will acquire Aeon Minamisenri Store, a retail facility in Suita City, Osaka Prefecture. The transaction will take place in January 2019 and the price is approximately 8.36 billion yen [$72 million]. The seller is GK Starlight Bridge 2, a special purpose company.>>

  • Chunichi Building in Nagoya to be reconstructed into mixed-use building 12.25.2018

    Nagoya City based Chubu Nippon Building, which is engaged in the real estate leasing business, and its parent company Chunichi Shimbun, a newspaper publisher, revealed the overview of the reconstruction project of Chunichi Building in Sakae, Naka-ku, Nagoya City in December 2018. >>

  • Jinushi Private REIT acquiring 11 properties for Y15.3bn 12.21.2018

    Jinushi Private REIT, a private REIT sponsored by Nippon Commercial Development (NCD or Nihon Shogyo Kaihatsu), will acquire 11 leased site properties in Tokyo, Nagoya, Osaka and other cities. The transactions will take place on January 11, 2019 and the total price is approximately 15.35 billion yen [$130 million]. >>

  • Hankyu Hanshin REIT adds Grand Front Osaka to its portfolio 12.19.2018

    Hankyu Hanshin REIT (formerly Hankyu REIT), which is sponsored by Hankyu Hanshin Properties, acquired a 4.9% co-ownership interest in Grand Front Osaka in December 2018. The price was slightly less than 15.8 billion yen [$140 million].>>

  • Logistics Fund acquiring Osaka property from Hulic for Y2.6bn 12.18.2018

    On December 20, Japan Logistics Fund (JLF), a REIT affiliated with trading firm Mitsui & Co., will acquire Osaka Nishiyodogawa Logistics Center. The seller is Hulic and the price is 2.6 billion yen [$22 million].>>


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