The MELSA Ginza-2 department store will be closing permanently this August, ending 51-years of operations.
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Tsukiji Designer Office Building
¥190,000,000
Land & Building | Building size: 90.63 sqm (975 sq.ft)
Tsukiji, Chuo-ku, Tokyo
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Daikanyama retail sold for 4.2 billion Yen
Tokyu REIT has sold the trust beneficiary rights to the Daikanyama Forum retail complex in Shibuya for 4.25 billion Yen (approx. US$39 million). Information on the buyer has not been disclosed, but it is a domestic corporation.
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Quick real estate news summary for the week
Central Tokyo apartment asking prices hit new record high, new apartment supply drops 43%, and Omotesando retail flipped at 10% markup. Below is a quick weekly summary of some of the recent goings-on in the Japanese real estate market.
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Yoku Moku acquires Omotesando retail building
Long-established confectioner Yoku Moku has acquired a commercial building across the street from their flagship Aoyama store.
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Design for new Harajuku retail building released
The exterior and rooftop design for the newest retail complex at the crossing above Meiji-Jingumae Station in Harajuku has been released.
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