Japan Retail Fund Investment Corporation Set To Acquire Machinoma Omori’s Trust Beneficiary Right Jan. 17, 2020- Japan Retail Fund Investment Corporation (JRF) announced that Mitsubishi Corp. – UBS Realty Inc., JRF’s asset manager, determined to acquire trust beneficiary right in real estate of Machinoma Omori. JRF is optimizing its asset structure in response to changes […]
Itochu Corporation Announces Revision Of Mission To Keep Up With Business Environment Changes Jan. 17, 2020- ITOCHU Corporation (“ITOCHU”) has decided at the meeting of the Board of Directors held on January 16, 2020 to revise ITOCHU Mission (as applied to ITOCHU and its Group companies) to “Sampo-yoshi” (meaning “good for the seller, good for
Invincible Investment Corporation Completes Tokyo Property Sale Jan. 16, 2020- Invincible Investment Corporation announced that the sale of its Tokyo property, as announced in December 9, 2019 has just been completed. The City House Tokyo Shinbashi, located in Minato-ku, Tokyo, has been sold for 4.465 billion yen (US$41 million). Read more here…
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Kenedix Office Investment Corporation Appoints New Directors Kenedix Office Investment Corporation (“the Investment Corporation”) has announced that the Board of Directors of Kenedix Real Estate Fund Management, Inc. (“the Asset Management Company”), the asset management company for the Investment Corporation, was held today and decided to propose agendas on appointment of directors and an auditor Read here
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Japan’s First ESG Real Estate Fund Set For Launch (Nikkei Asian Review) Japanese farm lender Norinchukin Bank will market real estate investment funds focusing on properties that achieve sustainability targets, in what it calls a first for the domestic asset management industry. Norinchukin, which has grown from a savings institution for farmers into a global investor with around 106
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Tokyo’s office space shrunk to its smallest on record in 2019 The office space per person in the 23 wards of Tokyo is at the smallest on record due to changing work trends and a tight supply and demand balance. According to a survey by Xymax Real Estate Institute, cited in the December issue of
Tokyo’s office space shrunk to its smallest on record in 2019 Read More »
Itochu Corporation To Repurchase 40,000,000 Of Its Own Shares Itochu Corporation decided at the meeting of the Board of Directors held on June 12, 2019 to repurchase own shares in accordance with Article 156 of the Companies Act of Japan, as applied pursuant to Paragraph 3, Article 165 of the Companies Act of Japan. Read
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Japan’s Real Estate Transaction Volumes Down 27% In Q3 Stagnant REIT transactions, smaller deals and lower cap rates blamed. The volume of real estate sales in Japan declined 27% year-on-year in the third quarter of 2019 primarily due to smaller deals. Transaction volumes fell to 694.3 billion yen (US$6.3 billion) in July to September, according
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Frontier Real Estate Investment Corporation Changes Property Name As Part Of Renovation Efforts Frontier Real Estate Investment Corporation (the “Investment Corporation”) hereby announces that it has decided to change the name of its owned property. Details are provided below. New Property Name Current Property Name Effective Date Rakuhoku HANKYU SQUARE QANAT Rakuhoku December 6, 20
MCUBS MidCity Investment Corporation Looking To Acquire Three Properties Amounting To 27 Billion Yen (US$250 Million) MCUBS MidCity Investment Corporation (hereafter “MCUBS MidCity”) announces that, its asset management company, Mitsubishi Corp.- UBS Realty Inc. (hereafter the “Asset Management Company”), decided today to acquire and lease properties. These properties include the Osaka YM Bldg., East Square