REIT sells soon-to-be vacant retail asset in Osaka at 72% above appraisal
A REIT is disposing of a soon-to-be vacant large shopping mall in Osaka's Shinsaibashi district for 43.1 billion Yen (approx. 287 million USD), a significant premium over its appraised value of 25 billion Yen.Read more
Omotesando Grid Tower to open February 2026
A mixed-use residential, hotel, and office tower alongside Aoyama-dori Street in Omotesando is scheduled to open in February 2026. The 160-meter tall, 38-story tower will house luxury rental apartments on the upper floors, Soho House and hotel rooms in the middle levels, and office and retail below. Construction of the project began in mid-2023.Read more
Corporate HQ relocations to Tokyo hit decade high
In the first half of 2025, 200 companies relocated their headquarters from regional areas to the greater Tokyo area, according to the Teikoku Databank. This represents a 30% increase from the first half of last year and is the highest figure seen in the past decade. If this pace continues throughout the second half, 2025 could mark the first year since 1990 with more than 400 incoming corporate relocations.Read more
Toyota to convert recent acquisition into set-up office
Toyota Fudosan, the real estate subsidiary of the car manufacturer, is converting a recently-acquired building in Shibuya into a set-up office. Operations are expected to start in January 2026.Read more
Honda announces partial sale of Aoyama HQ
Honda Motor is transferring partial ownership of its Honda Aoyama Building to Mitsui Fudosan Residential, according to a press release issued by the developer on August 29.
The 17-story building sits on a prominent corner above Aoyama Itchome Station and alongside Aoyama Street. It is currently slated for redevelopment with demolition to start shortly, with the new project to be completed by 2030.Read more
Mizuho launches fund targeting older buildings
Mizuho Financial Group announced the establishment of a new value-add fund to acquire aging buildings over 20 years old and improve their environmental performance. The group is planning to invest around 200 billion Yen (US$1.36 billion) over the next five years, starting with the 50 billion Yen acquisition of a 35-year old office tower in central Osaka.Read more
Japan’s tallest hybrid-timber tenant office building completed last month
On July 23, Dai-Ichi Life announced the completion of a timber and steel hybrid office building in Tokyo’s Kyobashi address. At a height of 56 meters, this is the tallest hybrid-timber tenant office building in Japan.Read more