
On May 11, the Toyo Keizai Online publication reported that China’s sovereign wealth fund is considering the sale of the landmark Meguro Gajoen hotel and office property in Tokyo.
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On May 11, the Toyo Keizai Online publication reported that China’s sovereign wealth fund is considering the sale of the landmark Meguro Gajoen hotel and office property in Tokyo.
1,394 total views, 16 views today
On April 21, East Japan Railway Company (JR East) announced the construction plans for the area around the recently opened Takanawa Gateway Station. A total of four high-rises and one low-rise building will be completed by 2024 ~ 2025.
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The 64-story skyscraper in the Toranomon-Azabudai Project topped out at 330 meters on April 21. This is now the tallest building in Japan, exceeding Osaka’s 300-meter tall Abeno Harukas building.
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The building housing the Apple Store Ginza will be demolished later this year. In 2003, this was the first Apple Store to open in Japan.
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Hulic, a major real estate company, recently announced plans to redevelop a prominent corner block in Ginza into a luxury ryokan-style hotel with an opening scheduled for 2025.
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Several relocations to larger office spaces and some building closures due to redevelopment saw central Tokyo’s office vacancy rate improve by 0.04 points in March to 6.37%.
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A 14-story, 74.8-meter tall mixed-use building is planned for the former Mitake Park near Shibuya Station. This project will include a public square, retail, a multi-purpose hall, the Mitake arena for sporting events, and 26 rental apartments designed to attract creative folk and families.
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Sekisui House and Nippon Life Insurance Company have officially started construction on a 150-m tall office tower near Tameike Sanno Station.
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On March 24, Tokyo Tatemono announced that a city planning decision had been made for the Shibuya 2 Chome Project. Nicknamed the Shibuya Regeneration Project, it spans three large blocks just east of Shibuya Station, with a total lot size of 2.9 hectares.
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The release of large-scale offices for rent and some relocations to recently-completed buildings saw an additional 42,965 sqm of floor space up for rent in February, according to brokerage Miki Shoji.
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