Last Update: 06/27 2017 06:00 JST

Local City Trends

Property investment topics in major second-tier cities

  • Brewer Sapporo acquires retail facility in Nagoya for office use 06.27.2017

    Shibuya-ku based Sapporo Real Estate, the real estate arm of major brewer group Sapporo Holdings, acquired RT WV Sakae, a retail facility in Sakae, Naka-ku, Nagoya City. The seller was Nagoya City-based RT Kaihatsu, a subsidiary of hotel operator Resorttrust. Frontier, a REIT sponsored by Mitsui Fudosan, acquired the facility for 7.3 billion yen [$64 million] in July 2008 and sold it to RT Kaihatsu for 5.2 billion yen [$46 million] in November 2013. Sapporo Real Estate is considering integrating the headquarters of Pokka Sapporo Food & Beverage, and the offices of its group companies .>>

  • Mitsubishi private REIT acquires new Osaka apartment building 06.27.2017

    Nippon Open Ended Real Estate Investment Corporation, a private REIT affiliated with Mitsubishi Estate, purchased Serenite Taniyon, a rental apartment building in Chuo-ku, Osaka City. The transaction took place in February 2017. The seller was an affiliate of Sunada Kensetsu of Hirakata City, Osaka Prefecture, which designed and constructed the property. >>

  • Nippon Life to develop logistics facilities in Kanagawa and Osaka 06.26.2017

    Nippon Life Insurance will develop large logistics facilities in Kanagawa Prefecture and Osaka Prefecture. Both will be developed on leased land and are scheduled to be completed by November 2019. This will be Nippon Life Insurance’s second and third logistics facility developments since the first one in Matsubara City, Osaka Prefecture.>>

  • Corporate tenants of Osaka's Nakanoshima Festival Tower West revealed 06.26.2017

    The major tenants of Nakanoshima Festival Tower West, which was developed by newspaper publisher Asahi Shimbun and general contractor Takenaka in Nakanoshima, Osaka City, came to light. It was completed in April 2017 and tenants have been officially or unofficially decided for more than 90% of the net leasable area, which is approximately 70,000 m2. According to sources, the rent per tsubo for multiple year contracts is around 20,000 to 22,000 yen [$53 to 59 per m2].>>

  • Office building in Shin-Osaka sold 06.23.2017

    Osaka-based real estate company Homes acquired the Nanto Building, an office property in Yodogawa-ku, Osaka City. The transaction took place in December 2016 and the seller was Toyonaka City's Senju Kaihatsu. Homes obtained a mortgage with a hypothec registered in the maximum amount of 1.08 billion yen [$9.5 million] from Kansai Urban Banking Corporation in order to purchase the property. >>

  • Marubeni Private REIT adds Osaka City apartment building to portfolio 06.22.2017

    Marubeni Private REIT acquired Calme-Inn Tenjinbashi, a rental apartment building in Kita-ku, Osaka City. The transaction took place in February 2017 and the seller was Marubeni Real Estate Management.>>

  • Japan Hotel REIT to acquire Hilton Narita, others for Y33bn 06.21.2017

    Japan Hotel REIT, which is affiliated with SC Capital Partners of Singapore, decided on June 19 to acquire three hotels. The three hotels are Hilton Tokyo Narita Airport Hotel and International Garden Hotel Narita both in Narita City, Chiba Prefecture, and Hotel Nikko Nara in Nara City, Nara Prefecture and all of them are full-service hotels with banquet halls, restaurants and other facilities. The total acquisition price is approximately 32.67 billion yen [$290 million].>>

  • Tokyu Land develops 1,651 m2 in Honmachi, Osaka City 06.21.2017

    Tokyu Land acquired the former Osaka head office building of apparel company Itokin in Kyutaro-machi, Chuo-ku, Osaka City. The transaction took place in March 2017. The buyer has already begun to demolish the existing structure.>>

  • Rio acquires office building in Kokura City, Fukuoka from Asahi Life 06.20.2017

    Stock28, which is believed to be a subsidiary of real estate consulting company Rio Holdings based in Chiyoda-ku, and others acquired the compartmentalized ownership of Kokura Asahi Hibiki Building, an office building in Komemachi, Kokurakita-ku, Kitakyushu City, Fukuoka Prefecture in March 2017. The seller was Asahi Mutual Life Insurance. >>

  • Apa to develop 192-guestroom hotel in Kitahama, Osaka 06.08.2017

    Hotel operator Apa Group will develop the tentatively-named Apa Hotel Sakaisuji Kitahama Ekimae, which will have 192 guestrooms, in Chuo-ku, Osaka City. The opening of the hotel is slated for December 2018. The 501 m2 site was acquired by Apa Home, which is under the umbrella of the group, from Daiwa Property of Chuo-ku, Tokyo. Daiwa Property is a real estate company that is part of the Daiwa Securities Group. >>

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