Invincible to acquire six hotels for 57 billion Yen
Invincible Investment Corporation is acquiring six hotels and resorts across Japan for 57.23 billion Yen (US$410.5 million). The hotels contain a total of 1,027 rooms, and provide an estimated NOI of 5.9%.Read more
Two buildings to be redeveloped in Akasaka
Sekisui House has emerged as the buyer of an approximate 70% share in two properties in Akasaka. The seller was JDC Corporation.Read more
Kyoto's kominka matching program connects buyers with 200+ year old homes
Since its formation in April of last year, Kyoto Prefecture’s kominka matching program has already found new residents for nine historic properties. One of those is a 250-year old estate that once belonged to the village headman.Read more
Daikanyama housing village sold
Nomura Real Estate Development has acquired the Bess Square housing display site in Daikanyama for an undisclosed price.Read more
Nagoya high-rise on hold as construction costs soar and office market concerns rise
Plans for a 180-meter tall commercial building in Nagoya have been put on hold, according to an announcement made by the developer on July 5.Read more
Caption by Hyatt to open in Nihonbashi
Nihonbashi’s ‘Wall Street’ will see a new hotel in the coming years, with the Caption by Hyatt Kabutocho Tokyo set to open in 2025. The 195-room hotel is being developed by Heiwa Real Estate, a major landlord in the Nihonbashi-Kabutocho neighborhood.Read more
Rosenka land values increase for 2nd year in a row
Land values continue their ascent as the country emerges from the pandemic. The nationwide ‘rosenka’ land tax values, announced by the National Tax Agency on July 3, saw an average increase of 1.5% from last year. This is the second year in a row to see an increase, and a higher rate of increase from the 0.5% growth seen last year.Read more