Rihga Royal Hotel Kyoto changes hands in May
Kyoto hotels are back on the radar for major real estate firms and investors, as the historic former capital recovers from the pandemic. Last month, Mori Trust acquired the Rihga Royal Hotel Kyoto from Fortress Investment Group for an undisclosed price.Read more
315-yr old residence converted into corporate retreat
A 315-year old samurai residence in Kamakura has been converted into a training retreat by a local business support organization.Read more
Honda Aoyama Building to be redeveloped
Honda Motor Company is planning to spend 50 billion Yen (approx. US$356 million) to redevelop its headquarters above Aoyama Itchome Station in central Tokyo.Read more
Omotesando office/retail buildings sold to domestic buyer
Two buildings alongside Omotesando’s Kotto-dori Street have been sold to a Kobe-based realtor.Read more
Sony to acquire 27ha of land for semiconductor plant in Kumamoto
Sony Group Corporation has announced plans for a second semiconductor factory in Kumamoto Prefecture. The new factory will be in Koshi City, just outside of Kumamoto City and about one kilometer west of its other factory in Kikuyo Town.Read more
Luxury rental apartments planned for 7,000 sqm site in Omotesando
Action is finally underway for the long-idle site of the former Floracion Hotel in Minami Aoyama with Sumitomo Realty & Development announcing plans for a 70-unit luxury rental apartment building.Read more
Why the registered land size may differ from the actual size
When buying land it is important to be aware that registered land sizes can often differ from actual measured or surveyed sizes. This dates back to the Land Tax Reform introduced by the Meiji government in 1873 that coincided with the establishment of private land ownership. Read more