Share of Kinshicho office tower to sell for 18.5 billion Yen
Global One Real Estate Investment Corp. is selling its ownership share in the 22-story Arca Central office building in Kinshicho for 18.5 billion Yen (approx. US$124 million). The buyer has not been publicly disclosed.Read more
Site near Hakuba ski slopes sells for 1.5 billion Yen
Mitsubishi Estate and Shimizu Corporation are acquiring a 19,000 m2 site near the Hakuba Iwatake Mountain Resort ski fields for 1.5 billion Yen (approx. US$10 million).Read more
Our 2024 Q3 Japan Real Estate Market Report
Our Japan Real Estate Market Report for the third quarter of 2024 is now available for download. This report dives into recent trends and news in Japan’s office, hotel, multi-family and logistics sectors.
Members can download our Q3 report below.Read more
New station and town development plan for Kumamoto’s semiconductor district as rents and land values rise
JR Kyushu is planning to open a new station alongside the Hohi Line between Haramizu and Sanrigi Stations in 2027. In conjunction, Kikuyo Town has published details on the 70-hectare land readjustment project or land re-zoning and planning to coincide with this new station.Read more
Nagoya hotel sells for 6.5 billion Yen
The Japan Prime Realty Investment Corporation J-REIT is acquiring a 153-room hotel on the eastern side of Nagoya Station. The acquisition price is 6.5 billion Yen (approx. US$44 million), which is around 42.5 million Yen per key. The cap rate is 4%, although it is leased to the operator under a fixed + variable rental agreement.Read more
Large, luxury apartments planned for Daikanyama
A low-rise luxury apartment building is planned for a site in Daikanyama that was once the home of former Prime Minister Takeo Miki. Construction is scheduled to start this December with completion expected by the end of 2026.Read more
GLP sells Nara logistics center
The GLP J-REIT has sold a 55-year old logistics center in Nara to an Osaka-based real estate company for 2.506 billion Yen (approx. US$17 million). This is 36% above its book value.Read more