Construction giant enters data center business
Construction giant Obayashi Corporation announced its entry into the urban data center market with the establishment of a new development and operational firm called MiTASUN.Read more
University acquires Hilltop Hotel
Meiji University has acquired the historic Yamanoue Hotel (Hilltop Hotel) adjoining its campus in central Tokyo. The university announced the acquisition on November 15.Read more
Lingerie company pondering sale of Omotesando building
Lingerie company Wacoal Holdings is looking to offload its non-core real estate assets, as reported by the Nikkei Shimbun. And one of those assets might be the Spiral Hall building in Minami Aoyama, according to publication, Seventie Two.Read more
Demolition to start on Shibuya 2 Chome multi-block project site
The Shibuya 2 Chome West District Redevelopment project will kick off in a few months. This project includes National Strategic Housing, giving it a boost to its floor-area ratio. The overall project, covering blocks A, B, and C, covers a total site of 18,800 m2, and includes a small retail space, along with residential and office towers with a GFA of 322,200 m2.Read more
Construction starts on senior-residence rental in Meguro
Last month, Nomura Real Estate Development and Nomura Real Estate Wellness started construction on a senior-housing rental apartment building in Tokyo’s Meguro ward. The 75-unit, 5-story building is due for completion in 2027.Read more
140m tall office tower planned for Kayabacho Station
Heiwa Real Estate, Mitsubishi Estate, and Chuo-Nittochi Group have announced plans for a 140-meter tall, 27-story office tower between Kayabacho and Nihonbashi Stations in Tokyo. The project site covers 6,000 m2 and includes Hie Jinja Shrine.Read more
REIT disposes of office buildings in Osaka and Tokyo
KDX Realty Investment Corporation sold two office buildings in Osaka and Tokyo this month, one of which sold for 14% less than its book value. The buyers were domestic corporations.Read more