44-yr old Osaka office building sells for over 30 billion Yen
Kanden Realty & Development, a subsidiary of the Kansai Electric Power Company, has paid over 30 billion Yen (US$208 million) for the former headquarters of textile manufacturer Toyobo.Read more
Osaka’s most expensive apartment is going on sale for 2.5 billion Yen
The most expensive apartment in history in the Osaka and Kansai region will go on sale next February. The two-bedroom penthouse will be priced at 2.5 billion Yen (US$16.7 million).Read more
Developer acquires Gaetano Pesce-designed building in Osaka
A landmark office building in Osaka has been sold to Kintetsu Real Estate in June. Organic Building was designed by Gaetano Pesce and built in 1993. The facade is comprised of various red planter panels, with the 80 varieties of plants kept alive with a computer-controlled watering system. Read more
Historic Osaka office building demolished and sold to developer
A landmark heritage building alongside Dojima River in Osaka is under demolition by a local developer. Demolition started in April 2023 with completion expected by late October.Read more
Osaka office building sells at 3.5% cap rate
A 13-story office building in Osaka has been acquired by a J-REIT for 17.215 billion Yen (approx. US$121 million). Japan Real Estate Investment Corporation purchased Forecast Sakaisuji Hommachi on August 1 with delivery to take place by the end of the month. The seller was not named.Read more
Record high apartment prices in Osaka
Rising residential prices are being felt nationwide as construction costs remain high. This year, the most expensive apartment building in the Kansai region will go on sale, creating a new price record.
Righa Royal Hotel to be sold to Canadian fund
Osaka’s Rihga Royal Hotel will be acquired by BentallGreenOak (BGO), a Canadian real estate investment firm. Although the price was not disclosed, it is estimated to be somewhere around 50 billion Yen (approx. US$385 million). Operations by Royal Hotel are expected to continue post-sale.