Two 235m towers for Shibaura
Nomura Real Estate is redeveloping one of its office towers in Shibaura, Tokyo. The 40,000 square meter site is located just south of Hamamatsucho Station on the Yamanote Line and near Tokyo’s waterfront.
The Shibaura 1 Chome Redevelopment Project will include two 235m tall buildings with a total floor area of 580,000 sqm (approx. 6.24 million sq.ft). The South Tower will be 46-stories and contain office, hotel, and retail space, with completion due for 2023. The North Tower will be 47-stories and contain office, 350 apartments, and retail space, with completion due for 2029~2030.
Tokyo Apartment Sales in November 2016
The following is a selection of apartments that were sold in central Tokyo during the month of November 2016:Read more
Two apartments for sale in Toranomon Hills Residence
| Price: SOLD |
*UPDATE: Both apartments were sold within 3 weeks*
Two apartments are currently for sale in Toranomon Hills Residence. The 247-meter tall landmark tower was developed by Mori Building in 2014 and includes office space on the lower floors, luxury condominium and rental apartments on floors 36-46, the AO Spa & Club on the 37th floor and the 5-star Andaz Hotel on floors 47-52.
Residents can enjoy five-star amenities not found in other apartment buildings in Japan, including bilingual concierge, room service, housekeeping, dry cleaning, catering in conjunction with the Andaz Hotel, event spaces, residential lounges, and the AO Spa and Club with pool and gym. There are also a variety of on-site dining options in the Toranomon Hills complex, such as a rooftop bar on the 52nd floor, and several restaurants and cafes on the ground floors.Read more
Old hotels closing under new earthquake retrofitting rules
Local governments have started to publish earthquake-resistance data on hotels, hospitals, schools and other buildings across Japan. Data on over 12,000 buildings nationwide will be made public.
Kagawa Prefecture was the first prefecture in Japan to release data, with inspection reports on 37 hotels made public. The Tokyo metropolitan government plans to release their findings on buildings later in the capital in the second half of 2017.
Hotels, ryokans, department stores, theatres, aged care homes, schools, hospitals and other public buildings built before 1981, over 3-storeys and with a total floor area of 1,000 ~ 5,000 square meters and over are obligated to carry out an earthquake-resistance inspection, the results of which will be made public by local governments.
The introduction of these rules in 2013 has already led to a closure of several hotels across Japan.Read more
New lending for real estate in Japan reaches record high in 2016
New lending by banks to the real estate sector in Japan in the April-September period was 7.706 trillion Yen (approx. 68.9 billion USD), up 14.7% from the same period in 2015 and exceeding levels seen during Japan’s bubble economy in the 1980s for the second year in a row.
Total new lending by banks and shinkin banks across all industries was 27.376 trillion Yen.Read more