Office high-rise now planned for former TSK Building site in Roppongi
There are signs of life on the site of a now-demolished scandal-ridden building in Roppongi.
Nippon Express mulls sale of Shiodome office tower
Global logistics service company Nippon Express is mulling the sale of their head office building in Shiodome. The 28-story office tower could fetch as much as 100 billion Yen (approx. US$955 million). Several funds have already expressed interest.
Tokyo office tower could be up for grabs for US$2.9 billion
Advertising and public relations giant Dentsu Group is considering selling their head office building in Shimbashi, Tokyo. With an estimated price somewhere around 300 billion Yen (approx. US$2.9 billion), this could end up as Japan’s most expensive single-building sale. Several potential buyers are apparently already lined up.
Our Japan Property Market Report for 2020
Last year was full of upheaval. Focusing solely on the real estate side of things, some sectors performed poorly, while others thrived. We have summarized the year’s events into our annual Japan Property Market Report.
1 in 4 Tokyo office tenants looking to move
According to a survey by MORI Building of companies with headquarters in Tokyo’s 23 wards, 24% of them have plans to lease new office space. This is a 3 point decrease from the previous survey conducted last year.
Avex sells HQ building for 70 billion Yen
According to the Nikkei Shimbun, music and entertainment production company Avex is selling their headquarter building in Omotesando for an estimated 70 billion Yen (approx. US$675 million).
1930s building in Shimbashi to be converted into share offices
An 88-year old heritage-listed building in Shimbashi is being converted by construction giant Takenaka Corporation into a share office for start-ups.