Last Update: 01/19 2018 14:30 JST

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Property Deals

News on transaction information gathered from our proprietary sources

  • Advance Residence acquiring Sapporo rental apartment building 01.19.2018

    On January 17, Advance Residence REIT decided to purchase Neo21 Kitaguchi, a rental apartment building in Sapporo. The price is 679 million yen [$5.9 million]. The property will be handed over to the REIT either on January 19 or on a day separately agreed upon with the seller. >>

  • GFA to acquire hostel project near Kyoto Station 01.19.2018

    GFA, a real estate investment company, decided to acquire a hostel planned in Minami-ku, Kyoto City. After the hostel is completed in May 2019, the building and land will be handed over to the buyer from the project owner Seiei Corporation of Kyoto City. The sale price is believed to be around 1 billion yen [$8.7 million]. GFA, formerly named Ground Financial Advisory, is listed on the JASDAQ section of the Tokyo Stock Exchange. This is the company's second acquisition of a hostel, following one in Tokyo’s Shibuya. >>

  • Apa developing 259-room hotel near Chiba Station 01.19.2018

    Apa Home, a unit of hotel operator the Apa Group, acquired a 1,307 m2 site for development in Chuo-ku, Chiba City. The transaction took place in December 2017. The company will develop its fifth hotel in Chiba Prefecture on the site. The seller is Chuo-ku's real estate company San Shin Jyuken. >>

  • Sumitomo Corp acquires Ginza building for development 01.19.2018

    Sumitomo Corporation acquired Dai-San Takashima Building in Ginza, Chuo-ku. The seller was management consulting firm Daiki Holdings of Chuo-ku. The trading house will reconstruct the existing building to a new retail building. The company will continue to promote urban retail facility development projects, regardless the scale. >>

  • Fukuoka's Murakami Holdings accelerating investment 01.18.2018

    It has come to light that Murakami Holdings of Fukuoka City, which has real estate management and brokerage company Toho Housing under its umbrella, acquired five retail buildings in and around the Daimyo area of Fukuoka City during the period from June to October 2017. The total price was approximately around 4 billion yen [$35 million]. Two of the properties were acquired by a subsidiary of the company. >>

  • Nihonbashi office building sold by Taiwanese company 01.18.2018

    Chuo-ku real estate company Warmlight purchased Anni Higashi-Nihonbashi Building, an office property in Higashi-Nihonbashi, Chuo-ku. The transaction took place in September 2017 and the seller was Taiwan's Toshin Jitsugyo, which is engaged in the real estate investment and development. >>

  • Sumitomo acquires upscale apartment in Moto-Azabu, Minato-ku 01.18.2018

    Sumitomo Realty & Development acquired Alpha Motoazabu, a rental apartment in Moto-Azabu, Minato-ku in September 2017. The seller was liquor manufacturer Sakuramasamune based in Kobe City.>>

  • Mitsui’s logistics REIT to acquire three properties for Y20bn 01.17.2018

    Mitsui Fudosan Logistics Park REIT (MFLP) will acquire three logistics facilities that are fully occupied in February and March 2018. The total price will be approximately 19.56 billion yen [$170 million]. The sellers are Mitsui Fudosan, which sponsors the REIT, and a special purpose company of Mitsui Fudosan. The sales contract was signed on January 15. The largest in scale among the three properties is MFLP Hino. >>

  • PDM acquires Asakusabashi, Taito-ku office building 01.17.2018

    Pacific Development & Management (PDM) of Chiyoda-ku, which is engaged in the development and consulting of investment real estate, purchased Shuzan Building in Asakusabashi, Taito-ku. The transaction took place in October 2017. The company will own the property as a lease asset for the medium or long-term. The seller was Nakano-ku real estate company Shinwa Giken. >>

  • Ichigo subsidiary acquires retail building in Fukuoka 01.17.2018

    Ichigo Real Estate Services Fukuoka of Fukuoka City, a subsidiary of Ichigo, purchased Tenjin City Building in Tenjin, Chuo-ku, Fukuoka City. The transaction took place in September 2017 and the price is believed to be approximately 1.6 billion yen [$14 million].>>

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