MUFG Launches 100 billion Yen fund amid Japan real estate boom
Mitsubishi UFJ Financial Group (MUFG) is planning to acquire 100 billion Yen (US$678 million) worth of office and multi-family assets in Japan over the next three years, according to an article in the Nikkei Shimbun newspaper. The move comes as Japan’s relatively low real estate prices, ultra-low interest rate environment, and recent inflation continue to create a highly competitive market for both domestic and foreign capital seeking capital gains.Read more
Marunouchi landlord expands flex space
Marunouchi’s largest landlord, Mitsubishi Estate, is adding to its flexible office space in the district as it seeks to boost rents in a tightly supplied market.Read more
Akasaka Park Building to be sold back to sponsor
Japan Real Estate Investment Corporation is selling Akasaka Park Building for 80.7 billion Yen (approx. US$538 million) to its sponsor, Mitsubishi Estate, with the sale to take place over six stages between April 2025 and October 2027. The building had an appraised cap rate of 3.1%.Read more
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
Shinagawa office sells for 5.5 billion Yen
A J-REIT has sold a 33-year old office building in Shinagawa for 5.57 billion Yen (approx. US$37 million), 215% above its approximate book value and 15% above its appraisal.Read more
250m tall tower to transform Yaesu's office market
Developer Tokyo Tatemono announced the official name of its new skyscraper under construction on the Yaesu side of Tokyo Station. TOFROM Yaesu is a 250-meter tall, 51-story office tower due for completion in early 2026. Redevelopment discussions began in 2000.Read more
180m tall office tower completed in Toranomon
Construction of Toranomon Alcea Tower was officially completed on February 14, though tenant move-ins are expected to begin towards the end of the year. The 38-story office building was built on the former site of Toranomon Hospital, which was recently rebuilt next-door as part of a larger block redevelopment.Read more