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Japan

Development Plans Continue In Japan’s Real Estate Market September 15, 2020 – While Japan’s hotel and retail sectors continue to suffer under movement restrictions caused by COVID-19, plans for mixed developments in some districts indicated some signs of optimism in the market. In its September issue, the Nikkei Real Estate Market Report said, while the …

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Japan Retail Fund Investment and MCUBS MidCity Investment Undertake Absorption-Type Merger August 31, 2020- Japan Retail Fund Investment Corporation and MCUBS MidCity Investment Corporation, have today, at each investment corporation’s board of directors meeting, resolved to undertake an absorption-type merger, with March 1, 2021 as the effective date, whereby JRF will be the surviving corporation …

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IFF Completes One Out Of Three Scheduled Acquisitions August 13, 2020 — Industrial & Infrastructure Fund Investment Corporation (IIF) announced that IIF completed the acquisition of one of the three properties that it plans to acquire as previously announced in the press release titled “IIF to Acquire and Lease Three Properties in Japan” dated July …

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J-REITs’ Secondary Offerings: Room for Improvement By Christian Bernasconi, Managing Director, B&I Capital In January 2019, we wrote an article titled “J-REITs Secondary Offerings Unfairly impact Issuers and Investors.” In the article, we argued that the lengthy offering periods for secondary offerings by J-REITs led to underperformance of the issuer, a higher cost of equity …

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Industrial & Infrastructure Fund Investment Corporation Completes Acquisition Series July 16, 2020 — Industrial & Infrastructure Fund Investment Corporation (IIF) announced that it has completed the acquisition of one of the five properties that it plans to acquire. In total, the REIT completed their planned five-property acquisition as announced in November 2019. The latest property …

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Japan real estate

Tokyo Office Vacancy Rises 4th Straight Month In June July 10, 2020 – Tokyo office rents rose year-on-year and month-on-month in June, but the vacancy rate increased for a fourth straight month. By area, Shibuya saw the largest vacancy increase to 3.38% from 2.55% in May, and Chiyoda posted the smallest increase from 1.21% to …

Tokyo Office Vacancy Rises 4th Straight Month In JuneRead More »

Kenedix Office Investment Acquires Shinbashi M-Square Bright Property June 29, 2020 — Kenedix Office Investment Corporation announced that it has decided to acquire Shinbashi M-SQUARE Bright  for 16.3 billion yen (US$150 million). The scheduled date of acquisition is June 30, 2020 and Kenedix plans to settle the payment in full. “The Acquisition is implemented with the …

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Fukuoka REIT Corporation Buys Park Place Oita Property June 26, 2020 — Fukuoka REIT Corporation announced that Fukuoka Realty Co., Ltd., an asset management company to which the company entrusts the management of its assets, decided to acquire the Home Plaza NAFCO at Park Place Oita. Located at 2-Chome, Koen-dori Nishi, Oita City, Oita, the …

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Asia Pacific REITs

ORIX JREIT Announces Applicable Interest Rates of the Debt Financing June 19, 2020 — ORIX JREIT Inc. announces that the applicable interest rates of the debt financing, announced on June 17, 2020, were determined as follows. Lender Loan amount (JPY million) Applicable interest rates Drawdown date Maturity date  Remark  Sumitomo Mitsui Banking Corporation 1,500 0.379% …

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