Last Update: 01/19 2018 14:30 JST

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  • Daiwa Securities to participate in Samty REIT 01.17.2018

    On January 15, REIT Samty Residential announced that Daiwa Securities Group will become a sub-sponsor. Daiwa will acquire 33% of the shares of the REIT’s asset manager, Samty Asset Management, from Osaka-based condominium developer Samty. In addition, of the approximately 15.1 billion yen [$130 million] of the REIT’s investment units it will issue by way of third-party allotment, Daiwa Securities will subscribe for approximately 14.1 billion yen [$120 million].>>

  • Xymax REIT to list in February with Y33bn AUM 01.15.2018

    Xymax REIT Investment Corporation obtained approval for listing from the Tokyo Stock Exchange on January 11. The REIT will be listed on February 15. The management of the REIT will be handled by Xymax Real Estate Investment Advisors of Minato-ku, a wholly owned subsidiary of property management company Xymax. The REIT positions offices, retail facilities and hotels as its main assets, and the ratio of investment in the main assets will be maintained at 80% or more on an acquisition price basis. >>

  • Operation of Mitsui & Co.’s private REIT to commence by March 2018 01.09.2018

    Chiyoda-ku based Mitsui & Co. Asset Management Holdings will commence operations of a private REIT by March 2018. The name of the private REIT is Mitsui & Co., Private REIT. The initial AUM will be around 30 billion yen [$260 million] in four to five properties. In the next five years, it aims to increase the AUM to 100 billion yen [$870 million].>>

  • CRE Logistics REIT to list in February 2018 01.05.2018

    CRE Logistics Fund Investment Corporation was approved for listing on the Tokyo Stock Exchange on December 27. Listing on February 7, 2018, it is specialized in logistics facilities and the asset manager is Minato-ku based CRE REIT Advisers, a wholly owned subsidiary of CRE, a logistics property owner and operator. This makes 10 REITs (including diversified REITs) designating logistics facilities as an independent asset type for investment. >>

  • Tokyu Corp expands SOHO conversion business 12.28.2017

    Railway operator Tokyu Corporation started a business to renovate used buildings into small offices which they will then lease. For its first project, it opened Shibuya Cherry Garden, a mixed-use building comprised of small offices and serviced apartments, at Sakuragaokacho, Shibuya-ku in December 2017. >>

  • Star Asia REIT to conduct second investment in mezzanine loans 12.22.2017

    Star Asia REIT, which is sponsored by Star Asia Group of the U.S., will conduct its second investment in mezzanine loans on December 22. It is a loan claim against a special purpose company that will acquire Sasazuka South Building on the same date, and the REIT will receive the subordinated portion for 334.5 million yen [$2.9 million], which is the same amount as the face value, from Shinsei Bank that grants approximately 1.95 billion yen [$17 million] of loans to the SPC.>>

  • Malaysia's LGB to invest over Y50bn in Japan 12.22.2017

    On December 21, LGB Group, which is a Malaysian conglomerate, revealed its policy to proactively invest in real estate in Japan. It aims to newly acquire five properties by 2020 when the Tokyo Olympics will be held. The investment amount per property is expected to be $100 million or more. It has a policy to invest in various types of assets mainly in Tokyo for the meanwhile. Asset management in Japan will be conducted by Minato-ku based Touchstone Capital Management. >>

  • Unison Capital acquires hotel operating company to construct hotel platform 12.20.2017

    Chiyoda-ku based Unison Capital acquired more than half of the shares of Forbes, a hotel operating company based in Chiyoda-ku, through its affiliated fund in December 2017. It seems that it will conduct further acquisition of and capital partnership with hotel operators centering on Forbes and aims to be listed around 2020 to 2022 after constructing a hotel platform in Japan. >>

  • Mitsubishi Materials to sell real estate subsidiary to Fortress 11.30.2017

    Mitsubishi Materials, a nonferrous metals maker which is struggling with quality control issues, decided on November 29 to sell its real estate subsidiary to U.S. Fortress Investment Group. The transaction will take place in February 2018. The target of the transaction is Nakano-ku based Mitsubishi Materials Real Estate, which is engaged mainly in leasing of office buildings and rental apartments. It achieved sales of approximately 3.5 billion yen [$30 million] and total assets of 29.5 billion yen [$250 million] in the fiscal period ended March 2017.>>

  • Dai-ichi Life to invest Y10bn in overseas REITs with ESG focus 11.27.2017

    Dai-ichi Life Insurance will invest 10 billion yen [$86 million] in private REITs overseas, mainly in developed countries, in fiscal 2017. This is its first time investing in real estate overseas in 26 years. Seeking to enhance its asset management, it has been actively engaging in diversified and Environmental, Societal and Governance (ESG) investment, and this is part of that strategy.>>

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