Last Update: 10/21 2019 14:30 JST

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  • Imperial Hotel to operate cultural asset in Gion, Kyoto 10.18.2019

    Imperial Hotel will renovate Yasaka Hall in Higashiyama-ku, Kyoto City and use it as a hotel. It concluded a basic agreement in October 2019 with educational institution Yasaka Nyokouba Gakuen, which owns the hall, to start considerations and discussions. >>

  • Mitsubishi to enter co-living business starting in Shibuya 10.16.2019

    Mitsubishi Estate will enter into the co-living business. Co-living is a type of shared house placing importance on interaction among tenants. The company plans to open the first property in Shinsencho, Shibuya-ku in mid-October 2019. Upon entry, Mitsubishi partnered with Hmlet of Singapore.>>

  • Unizo rejects Blackstone’s tender offer 10.15.2019

    Unizo Holdings revealed on October 10 that it had received an acquisition offer from Blackstone Group but announced that it would reject it. In this latest announcement, Unizo revealed that it had received an offer not only from Fortress and Blackstone but also from a “well-known Japanese investment fund,” but had announced it rejected this as well. Unizo is de facto turning away both domestic and foreign funds. >>

  • Taisei-Yuraku entering student dormitory development business 10.09.2019

    Chuo-ku's Taisei-Yuraku Real Estate will embark on the development of student dormitories. As a starter, the company commenced construction of College Court Miyazakidai in Miyazaki, Miyamae-ku, Kawasaki City. Taisei-Yuraku will target...>>

  • Germany’s Allianz to acquire rental apartments in Japan for Y129bn 10.08.2019

    Germany-based Allianz Real Estate, which is a real estate management company of Germany-based Allianz, will acquire 82 rental apartments in Japan during the fourth quarter of 2019. The total investment amount is 1.1 billion euros. The seller is U.S.-based Blackstone Group.>>

  • Sakura Sogo REIT to entrust management to Star Asia 09.09.2019

    Sakura Sogo REIT notified Chiyoda-ku based Sakura Real Estate Funds Management, which is under the umbrella of Australia’s Galileo Group, of the cancellation of the asset management consignment agreement on August 30. >>

  • Mitsubishi to join office development in the Philippines 08.26.2019

    Mitsubishi Estate will join the development of an office building in Metropolitan Manila in the Philippines. It is a joint project with ArthaLand Corporation, which is a local developer. This will be Mitsubishi Estate’s first development project in the Philippines.>>

  • PropTech VC Fifth Wall closes second fund with investments from Japan 08.20.2019

    U.S.-based Fifth Wall Ventures Management closed its second fund worth $503 million in July 2019. Mitsubishi Estate and Kenedix participated from Japan as major investors. Fifth Wall has become the largest venture capital in the world among those specialized in real estate technology, also known as PropTech.>>

  • Fortress to conduct TOB targeting Unizo; to counter H.I.S. 08.20.2019

    U.S.-based Fortress Investment Group will conduct a take-over-bid (TOB) targeting Unizo Holdings. Fortress Investment Group aims to acquire all of the shares by investing 137.5 billion yen [$1.2 billion]. With regard to Unizo, travel agency H.I.S. announced in July a TOB for 3,100 yen [$28] per share. Unizo expressed opposition to it and approached 16 companies including Fortress seeking the possibility of acquisition under better conditions. >>

  • Nomura to develop small-scale office building brand H1O 08.19.2019

    Nomura Real Estate Development launched H1O, which is a brand of small-scale rental office buildings specialized in office space for companies with less than ten employees and stands for Human First Office. >>

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