Panasonic buys back Shiodome office tower
Panasonic Holdings is buying back its office tower in Shiodome. In 2013, the beneficiary rights to the rental income from the building were sold to two funds for 50.7 billion Yen, after the company reported a record loss of 772.1 billion Yen in 2012.
Tokyo Apartment Sales in November 2022
The following is a selection of apartments that were reported to have sold in central Tokyo during the month of November 2022:
Solar Ark sold to real estate company
Sanyo Electric, a subsidiary of Panasonic, has sold the Solar Ark in Gifu Prefecture to an Osaka-based real estate company. The banana-shaped building is a local landmark and easily visible from the Shinkansen train that passes nearby.
160m tall apartment tower for northern side of Atago Green Hills
Atago Green Hills will be getting a new 160-meter-tall apartment tower in the coming years. This project will potentially see a 43-story high-rise on a 2,910 sqm site. Completion could be sometime in the early 2030s.
46 listed companies dispose of real estate in first half of 2022
A total of 46 TSE listed companies reported the sale of domestic real estate holdings in the first half of 2022 (April-September), with Tokyo Shoko Research estimating that the annual number could reach a 15-year high of 100 companies.
City steps in to preserve historic building in Amagasaki
A 120-year-old building in Amagasaki City has been saved from demolition with the owner donating the building for free to the city. The city will be acquiring the 3,000 sqm of land it sits on within the year.
Apartment asking prices in Tokyo increase for 28th month in a row
The average asking price of a 70 sqm (753 sq.ft) second-hand apartment in Tokyo’s 23 wards reached 69,710,000 Yen in October, up 0.6% from the previous month and up 7.8% from last year. This is the 28th month in a row to see a month-on-month increase. The average building age was 27.6 years.