Microsoft Japan downsizes Shinagawa HQ office, returning 3,500 tsubos March 18, 2023 – Microsoft Japan will reduce the lease space for its headquarters in Shinagawa Grand Central Tower in Konan, Minato-ku, the Nikkei Real Estate Market report said, citing sources. Microsoft Japan relocated all its offices in Tokyo to its Shinagawa Headquarters in 2011. The company initially …
Occupancy rate in Tokyo is expected to decline in 2023 due to excess supply, relocations Jan 21, 2023 – The occupancy rate in Tokyo is expected to decline this year but “not significantly,” according to a survey conducted by the Nikkei Real Estate Market Report. 11 out of 19 respondents said the occupancy rate will …
Occupancy rate in Tokyo is expected to decline in 2023 due to excess supply, relocations Read More »
Starhill Global REIT Sells Japan Mixed-Use Building For S$18.9 Billion Dec 30, 2022 – YTL Starhill Global, the manager of Starhill Global REIT (SGREIT), announced that SGREIT has agreed to divest Daikanyama located in Shibuya-Ward, Tokyo, for JPY1,877.7 million (S$18.91 million). This translates to a 39.1% and 2.9% premium over the latest valuation and acquisition price of the property …
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Japan’s Q3 Real Estate Transaction Volume Down 3%, Falling For The Third Consecutive Quarter Gaw Capital, Qatar Investment Authority and Blackstone acquired residential assets. Activities by REIT were subdued in the quarter. Nov 20, 2022 – The number of real estate sales transactions in Japan fell 8% year-on-year in the third quarter to 356, according …
Japan Real Estate Borrowings Stay Strong On Loose Monetary Policies Office occupancy shows signs of picking up Oct 15 – Loans granted by domestic financial institutions to Japan’s real estate industry have increased with the government maintaining its loose monetary policy. The trend looks set to continue for the rest of the year. The loan …
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Weak Revenue Dampens Asset Growth For Retail and Hotel J-REITs The office property sector was also seen struggling, while construction for residential was strong September 14, 2022 – The lingering effects of the global pandemic on the retail and hotel sectors have slowed the growth of these assets in Japanese real estate investment trusts’ (J-REITs) …
Weak Revenue Dampens Asset Growth For Retail and Hotel J-REITs Read More »
J-REITs’ Q2 Property Acquisitions At Lowest Since 2011 The weak REIT market pulled down overall Japan’s property transactions volume as investors restructure their portfolios in light of rising global interest rates and changing market conditions. August 10, 2022 – J-REITs’ property acquisitions during the second quarter (April to June) dropped 64% to 92.3 billion yen …
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Analysts’ Views Mixed On The Future Of Japan’s Office Rental Market Experts’ take on the proliferation of remote working set-ups is a significant factor behind the varying views. July 22, 2022 – Experts polled by the Nikkei Real Estate Market Report showed that opinions on the demand for office spaces in Japan were divided, with …
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Japan REITs Clouded By Uncertainty Over Post-Kuroda BOJ (NIkkei Asia) July 5, 2022 – Foreign investors are starting to shun Japanese real estate investment trusts, bracing for a change in the ultraloose monetary policy that has underpinned the market as Bank of Japan Gov. Haruhiko Kuroda nears the end of his term in April. The …
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United Urban Investment Corporation To Acquire Retail Property June 28, 2022 – United Urban Investment Corporation announced that Japan REIT Advisors Co., Ltd. (JRA), the asset management company to which United Urban entrusts asset management services, decided today to acquire a property. United Urban will acquire the trust beneficial interest in the following real estate property: The …
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