Last Update: 01/19 2018 14:30 JST

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Local City Trends

Property investment topics in major second-tier cities

  • 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. >>

  • TKP developing 161-room hotel in Osaka’s Umeda 01.18.2018

    Rental conference room operator TKP will embark on hotel development in Osaka's Umeda area as its first such endeavor in the Kansai area. Apa Hotel will operate the hotel after it is completed. It will have 161 guestrooms and the opening is slated for May 2019. >>

  • 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. >>

  • 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].>>

  • Kabaya Foods acquires office building formerly owned by Loan Star 01.17.2018

    Confectionery Kabaya Foods of Okayama City acquired Ookini Minami-Senba Building, an office property in Chuo-ku, Osaka City. The transaction took place in September 2017. The seller was Ookini Building (formerly Feat). The property had been owned by a special purpose company of Loan Star until April. >>

  • Foreign investor acquires office building in Osaka 01.16.2018

    GK Central Osaka Investment, for which Agility Asset Advisers of Chuo-ku, Tokyo handles the asset management, purchased Bingomachi Yamaguchi Gen Building, an office property in Chuo-ku, Osaka City. Foreign investors hold the equity in the buyer SPC, according to sources. The transaction took place in November 2017 and the seller was Sekiwa Real Estate Kansai of Osaka City, which is part of the Sekisui House group. >>

  • United Urban REIT acquires Rihga Royal Hotel Kokura 01.15.2018

    United Urban, a REIT affiliated with trading firm Marubeni, will purchase Rihga Royal Hotel Kokura and the adjacent retail facility Aruaru City in Kokura-Kita-ku, Kitakyushu City. The price is 16.6 billion yen [$140 million] and the transaction will take place on January 26.>>

  • Osaka building price tripled as Heiwa acquires from UK fund 01.15.2018

    Heiwa Real Estate acquired Osaka Midosuji Building, an office building in Chuo-ku, Osaka City, in December 2017. The company will manage the property for the medium to long term. The seller was a special purpose company of Forum Partners, a real estate investment company based in London of the UK. The price was around 15 billion yen [$130 million], according to sources. >>

  • Industrial Fund to acquire three logistics facilities in Fukuoka 01.12.2018

    Industrial & Infrastructure Fund (IIF), a REIT affiliated with trading firm Mitsubishi Corporation, concluded contracts on January 10 to acquire three logistics facilities in Fukuoka City. The total acquisition price is approximately 6.78 billion yen [$59 million]. The seller is IBJ Leasing. The REIT will acquire additional ownership in two buildings in which it holds quasi co-ownership interest and will also acquire a facility, which is currently under construction, upon its completion. >>

  • Goldman Sachs acquires Fujitsu’s R&D base in Fukuoka for Y6bn 01.11.2018

    GK Momochihama, a special purpose company that seems to be related to Goldman Sachs, acquired Fujitsu Kyushu R&D Center in Momochihama, Sawara-ku, Fukuoka City in July 2017. The seller was Fujitsu. The acquisition price is considered to be 6 billion yen to 6.5 billion yen [$52 million to $56 million].>>


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