Last Update: 06/27 2017 06:00 JST

Industry Trends

Most current topics on company strategies, policies, technologies, etc.

  • NTT Urban invests in U.S. fund manager 04.25.2017

    NTT Urban Development announced on April 21 that it acquired 15% equity interest in Normandy Real Estate Management, a U.S. real estate investment company, as of April 1. Normandy Real Estate Management is the real estate fund arm of Normandy Real Estate Partners, a real estate company based in New Jersey. Its AUM is $3.3 billion and it manages several funds that invest in offices, residences, hotels, etc. mainly in the east coast of the U.S. including New York. >>

  • SIA REIT to be renamed One REIT 04.17.2017

    SIA REIT, which is sponsored by Mizuho Trust & Banking, will be renamed One REIT. The word "One" will be added to the name of the REIT responding to the "One Mizuho" strategy of the Mizuho Financial Group, which emphasizes advanced integration of its group companies. The rebranding of the REIT aims to maximize unitholder value through the cooperation of the sponsor and the management company. The renaming will be formally decided at the investors’ meeting on May 23. >>

  • GPIF to hire real estate managers domestically and internationally 04.12.2017

    Government Pension Investment Fund of Japan (GPIF) started to publicly recruit institutions managing alternative assets on April 11. It is utilizing its Asset Manager Registration System and the real estate field was newly added to the target in addition to private equity and infrastructure the fields that were recruited from before. It will be a big step towards entry into real estate investment for the public pension fund managing a total of approximately 145 trillion yen [$1.3 trillion]. >>

  • Daniel Cox to be appointed as representative in Japan at Grosvenor 04.05.2017

    Daniel Cox will be appointed as the Chief Representative of Japan at U.K. Grosvenor on June 1. Cox lived in Japan for approximately 20 years and for 11 years during his stay, he was engaged in disposal of non-performing loans, corporate revitalization, real estate investment and other businesses at Citigroup Japan. Cox will also serve as the Managing Director of Hong Kong-based Grosvenor Asia Pacific. >>

  • Japan Post Bank hires Hiroyuki Tanaka from HK fund Phoenix 04.04.2017

    It became clear that Japan Post Bank hired Hiroyuki Tanaka as Director in charge of its Real Estate Investment Department. He started working from March 1. Until recently he belonged to the Japanese entity of Hong Kong-based Phoenix Property Investors. Before that, he worked at Aetos Japan, Development Bank of Japan, Morgan Stanley Japan Securities and Macquarie Capital Securities and has been involved in real estate acquisitions for most of his career. >>

  • Sekisui becomes sole sponsor as Spring Investment exits from REIT 03.31.2017

    REIT Sekisui House SI Residential announced that Sekisui House became its sole sponsor as of March 29. Chiyoda-ku based Spring Investment that had been a co-sponsor withdrew from the operations. Due to this, the asset management company changed its trade name to Sekisui House Asset Management. The REIT is also scheduled to change its name to REIT Sekisui House Residential following the general meeting of unitholders in June. >>

  • Star Asia and GSA to develop student dormitories in Japan 03.24.2017

    U.S.-based Star Asia Group and Dubai-based GSA (Global Student Accommodation) will launch a joint business concerning development and operation of student dormitories in Japan aiming to supply 20,000 beds. >>

  • MIPIM: Cannes closed with Japan showing presence 03.22.2017

    MIPIM, the largest real estate conference in the world, closed on March 17. According to the organizer, the number of participants was 24,200, of which, 5,000 were investors and from financial institutions. Multiple programs concerning the Japanese market were held among the sessions that numbered more than 100 just with official programs. >>

  • MIPIM: Anxiety covers temporal stable status with consecutive political events 03.17.2017

    A panel discussion titled “World Overview: What are the global indicators saying?” was held on March 14. Andrea Boltho, a professor of the University of Oxford in the U.K., indicated a pessimistic scenario. In mentioning the current situation in which the economic gap between Northern and Southern Europe is expanding at an accelerated pace it was stated that “it is uncertain whether the EU will still exist after ten years.” >>

  • MIPIM: Over 20,000 gather in Cannes 03.15.2017

    MIPIM, the largest real estate conference in the world, started in Cannes, Southern France on March 13 at 10am (same day 6pm Japan time). The number of participants who pre-registered was more than 24,000 as of the day before MIPIM opened and it seems that it will exceed the number of participates in the previous year’s event. Various events are scheduled to be held in places centering on the Palais des Festivals, an exhibition venue also famous for the Cannes International Film Festival in May, during MIPIM until Friday. The topics of Brexit and Trump that dominated in the previous year’s MIPIM as well as the impact of the French presidential election that will be held soon will certainly gather attention. >>


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