Kita Aoyama buildings to sell for 18 billion Yen
ORIX JREIT is disposing of two buildings in Kita Aoyama, Tokyo, in preparation for potential redevelopment. The REIT is selling Aoyama Suncrest Building and its adjoining Kita Aoyama Building back to its sponsor for a combined 18 billion Yen (approx. US$120 million).Read more
Japan's private real estate fund market reaches 40 trillion Yen
The market size of private real estate funds in Japan reached 40.8 trillion Yen (US$273 billion) by the end of 2024, according to a survey conducted by the Association for Real Estate Securitization (ARES) and Sumitomo Mitsui Trust Research Institute.Read more
Softbank acquires Sharp factory in Osaka for data center conversion
Sharp is selling part of its Sakai Display Product (SDP) plant and land in Osaka to Softbank with a sale price estimated to be around 100 billion Yen (US$671 million). The electronics manufacturer is expecting to post a 75.4 billion Yen (US$506 million) profit on sales as a result.Read more
Japan’s hotel industry hits record high of 5.5 trillion Yen in 2024
Japan’s hotel and ryokan industry reached a record high revenue of 5.5 trillion Yen (US$37 billion) in 2024, according to the Teikoku Databank, surpassing the previous peak of 5.2 trillion Yen recorded in 2018.Read more
Hotel bookings up as Osaka expo approaches
With two weeks to go until the opening of Expo 2025 in Osaka and some sluggish ticket sales, there appears to be a noticeable increase in hotel reservations compared to last year.Read more
Commercial land values rise over 10% in Tokyo, Osaka and Fukuoka
Japan’s land values continued to rise in key locations this year, with commercial land values in Tokyo’s 23 wards (+11.8%), Osaka City (+11.6%), and Fukuoka City (+11.3%) all seeing year-on-year growth in the double digits.
The Ministry of Land, Infrastructure, Transport and Tourism (MLIT) announced the results of the nationwide assessed land values (地価公示) on March 18. Nationwide, the average land value across all uses increased for the 4th year in a row with 2.7% growth, showing an increasing pace from 2024 (+2.3%), 2023 (+1.6%), and 2022 (+0.6%).Read more
Nagoya hotel sells for 7.7 billion Yen
One REIT acquired the trust beneficiary rights to the Comfort Inn Nagoya Sakae Ekimae hotel in March for 7.74 billion Yen. This is the REIT’s first acquisition of a hotel, following its 2024 announcement that it would be considering assets other than offices.Read more