Last Update: 05/24 2019 14:30 JST

Local City Trends

Property investment topics in major second-tier cities

  • Osaka abandoned building site sold 05.23.2019

    It has come to light that Osaka City's Inter, which is engaged in real estate and staffing businesses, obtained the northern half of Kokusai Motor Pool parking lot. >>

  • Kenedix Retail REIT selling drugstore leased site in Osaka 05.20.2019

    Kenedix Retail REIT will sell the leased site of Welcia Kishiwadakamori, a retail facility in Kishiwada City, Osaka Prefecture. The transaction will take place on October 31. >>

  • Taisei-Yuraku to construct hotels in Tokyo and Kyoto 05.20.2019

    Taisei-Yuraku Real Estate will construct a hotel in Minato-ku, Tokyo and Shimogyo-ku, Kyoto City, respectively. This will be the first time for the company to newly develop hotels.>>

  • Buena Vista developing apartment building in Osaka's Kita-ku 05.17.2019

    Osaka City-based real estate company Buena Vista obtained 329 m2 of land for development in Toyosaki, Kita-ku, Osaka City. The transaction took place in April 2019 and the seller was Osaka City's SK. >>

  • Sumitomo Corp acquires retail building in Kyoto 05.15.2019

    Trading firm Sumitomo Corporation purchased a retail building with the leasehold to the site in Gionmachi Minamigawa, Higashiyama-ku, Kyoto City. The transaction for the three-storey building took place in March 2019. >>

  • JRF to post Y1bn of loss on sale of retail facility in Nagoya 05.13.2019

    Japan Retail Fund (JRF), a REIT associated with trading house Mitsubishi Corporation, will sell Narupark, a retail facility in Urasato, Midori-ku, Nagoya City, on August 7. Although approximately 1 billion yen [$8.8 million] of loss on sale will incur, JRF intends to stabilize distributions by allocating part of the gain on the transfer of properties in Osaka and Sendai it previously announced. >>

  • Goldman private REIT acquires Fukuoka office buildings for Y9bn 05.08.2019

    Japan Private REIT, which is a private REIT managed by Minato-ku based Goldman Sachs Asset Management, acquired Random Square in Tenyamachi, Hakata-ku, Fukuoka City as well as Random Square II, which is adjacent to it, in March 2019. The acquisition price seems to be around 9 billion yen [$79 million]. >>

  • Nippon REIT’s SPC acquiring five properties in three major cities 05.07.2019

    GK NRT Growth 15, which is a special purpose company, acquired four properties in Tokyo and Osaka in April 2019 and will acquire one property in Nagoya in May 2019. It is an SPC invested in by Nippon REIT, its main sponsor Sojitz, and others. >>

  • Singapore's HPL to invest Y21bn in Osaka hotel 05.07.2019

    It has come to light that Singapore's Hotel Properties Limited (HPL) will invest 20.85 billion yen [$180 million] in the development project of the former site of Dentsu Osaka Building. Jointly with Tokyo Tatemono, a real estate company and the owner of the site, HPL will develop a mixed-use building consisting of a hotel and a condominium.>>

  • Apa developing 4th hotel in Fukuoka’s Hakata Station area 05.07.2019

    Apa Home, a subsidiary of budget hotel chain Apa Group, acquired 593 m2 of land in Hakata-Ekimae, Hakata-ku, Fukuoka City from Fukuoka City Government in March 2019. Apa Home will construct a 14-storey hotel with 236 guestrooms. Construction will start in September 2019, with completion targeted for December 2020. >>

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