Dec 23, 2003 – The number of private REITs in Japan reached a record high in 2023, with growth momentum exceeding the listed REIT sector, Kiyotaka Maeda of Sumitomo Mitsui Trust Research Institute wrote in the Nikkei Real Estate market report. As of September 2023, the number has grown to 53 private REITs with assets […]
Nov 5, 2023 – Japan’s office take-up momentum slowed, with the weighted average occupancy rate for 35 buildings falling five percentage points to 61% from levels in a previous survey six months ago. According to the Nikkei Real Estate Market Report, the slowing momentum is due to a large supply of offices that has flooded
Japan’s Office Take-up Rate Slows On Supply, Remote Work Read More »
Oct 20, 2023 – Parkway Life Real Estate Investment Trust has acquired two nursing homes in the Osaka Prefecture — HIBISU Shirokita Koendori and HIBISU Suita for 1.77 billion yen (S$16.4 million), its manager said in a statement. The acquisition will be made at 11.9% below valuation and is expected to be completed by Q4
Parkway Life REIT Buys Two Nursing Homes In Japan’s Osaka For S$16.4 Million Read More »
Oct 4, 2023 – Remote work appeared to have taken root in Japan post-Covid-19, with the office attendance rate registering around 70% and showing no signs of ticking up. the Nikkei Real Estate Market Report said. According to Sanko Estate, the vacancy rate for class-A buildings in central Tokyo in the first quarter of 2023
Japan Office Market Outlook Is Uncertain As Remote Work Takes Root Read More »
Sept 11, 2023 – Japan Hotel REIT acquired La’gent Stay Sapporo Odori, Oriental Hotel Kyoto Rokujo and Hotel Oriental Express Fukuoka Nakasukawabata for US$127 million.
Japan Hotel REIT Buys Three Assets For US$127 Million Read More »
Sept 1, 2023 – Mapletree Logistics Trust (MLT) plans to sell Moriya Centre in Japan for JPY10,030 million, or approximately S$95.5 million, its manager said in a statement. Located in Moriya, Ibaraki, the property comprises three blocks of four-storey industrial buildings and ancillary offices with an average age of 17 years and a total net lettable
Mapletree Logistics Trust To Sell Japan Property For S$95.5 Million Read More »
Sept 4, 2023 -Japan’s real estate transaction volume in the second quarter (April to June) of 2023 reached 547.7 billion yen (US$3.8 billion], down 25% year-on-year, according to data compiled by Nikkei Real Estate market report. The number of sales transactions was up 14% year-on-year at 361. A total of 38 properties worth 219.3 billion
Aug 23, 2023 – Daiwa Office Investment said it plans to borrow 1 billion yen each from Mizuho Trust and Banking Co., Ltd. and Resona Bank, Ltd. Read more here.
Daiwa Office Investment Enters Agreement To Borrow 2 Billion Yen To Repay Debt Read More »
July 29, 2023 – Parkway Life Real Estate Investment Trust posted a 25.1% increase in net property income for the half year ended June 30, 2023, of S$70.1 million. Distributon-per-unit was 7.29 Singapore cents, representing an increase of 3.3% year-on-year. Gross revenue increased by 23.6% to S$74.4 million, due principally to contributions from the five
Parkway Life REIT First-Half Net Income Climbs 25.1%, DPU Up 3.3% Read More »
July 14, 2023 – Office occupancy rate in Tokyo is expected to fall in the second half of 2023 due to excess supply with recovery seen in 2024, according to a survey by Nikkei Real Estate Market Report. For the second half of 2023, with the lingering impact of the large supply, 15 out of