On July 16, Odakyu Department Store Co., Ltd. announced that they will be closing their Shinjuku Main Store at the end of September 2022. This is to make way for a major redevelopment project on the western side of Shinjuku Station.
730 total views
European fund to invest 300 billion Yen in Japanese real estate
German-based Patrizia AG is planning to seriously invest in the Japanese real estate market, aiming to operate 300 billion Yen in assets over the next three to four years.
803 total views
Commercial real estate activity set to increase further this year
Japan’s top real estate companies are expanding sales of properties to investors. Mitsui Fudosan is expecting a 42% increase in operating profit for the year ending March 2022, with sales to investors expecting to top 111 billion Yen (approx. US$1 billion), while Mitsubishi Estate is anticipating a 25% profit increase.
693 total views, 2 views today
More news on the redevelopment project surrounding the Imperial Hotel
Additional details on the Uchisaiwaicho 1 Chome District Redevelopment have been released. The 6.5-hectare site is across the street from Hibiya Park and includes the Imperial Hotel.
1,680 total views
Quick real estate news summary for the week
Another real estate developer to offer vaccines to tenants, Digital Agency moves to Kioi Tower, and Tokyo’s office vacancy rate exceeds 6%. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
986 total views
Quick real estate news summary for the week
Ageism rife in rental market, Sapporo hotel converts rooms to office space, and Dentsu confirms decision to sell Shimbashi HQ. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
960 total views
Ginza ryotei restaurant to be demolished
A major developer has acquired a traditional ryotei restaurant building in Ginza with plans to demolish it and replace it with an office tower.
1,092 total views
Quick real estate news summary for the week
Real estate developer to offer vaccines to tenants, office vacancy rate hits 5.90%, and eruption hazard map for Mt. Fuji gets an update. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
934 total views
Quick real estate news summary for the week
29 apartments foreclosed in high-rise tower, Osaka and Tokyo rank high on global livability, and Sapporo to sell Ebisu office building. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
1,046 total views, 2 views today
Kengo Kuma-designed residential and retail project for Daikanyama
On May 17, real estate developer Tokyu Land announced that construction had officially started on a Kengo Kuma-designed mixed-use complex just by Daikanyama Station in central Tokyo.
1,296 total views