Star Asia to acquire 11 assets for 49.1 billion Yen
Star Asia Investment Corporation is acquiring seven hotels and four apartment buildings across Japan for 49.1 billion Yen (approx. US$343 million). The appraised cap rate is 4.8%.Read more
MUJI converts 100-yr old farmhouse into holiday rental
Home goods retailer MUJI’s operating company Ryohin Keikaku has converted a traditional kominka farmhouse into a short-term stay. Muji Base Kamogawa is the first of the Muji Base-branded accommodations targeting vacant ‘akiya’ and can be found on AirBnb.Read more
Aldo Rossi-designed hotel sold
A long-closed Aldo Rossi-designed hotel in Osaka has been sold. According to the Nikkei Real Estate Market Report, Sumitomo Mitsui Trust Panasonic Finance acquired the closed hotel late last year.Read more
TSMC building rental housing in Kumamoto
Taiwan Semiconductor Manufacturing Co. (TSMC) is developing staff housing in Kumamoto Prefecture in preparation for the expansion of its factory operations. With its plant expected to open in December 2024, the company is expecting to bring in 600 people, including staff and their families.Read more
MUJI to sell Ikebukuro head office
On July 26, the operator of home goods retailer MUJI announced the planned sale of its head office building in Ikebukuro. The company, Ryohin Keikaku, did not comment on the scale of the profit from the sale.Read more
Larger apartments seeing greater rent increases than smaller studios
Changes in rental prices in greater Tokyo are not uniform, with larger apartments now outperforming smaller, single-occupant housing. This is happening for a few reasons.Read more
Semiconductor manufacturer expanding land acquisitions in Kumamoto
Japan Advanced Semiconductor Manufacturing (JASM), a subsidiary of Taiwan Semiconductor Manufacturing Co. (TSMC), is acquiring more land adjoining its semiconductor factory currently under construction in Kumamoto, according to TBS News.Read more