Last Update: 11/20 2020 14:00 JST

Samty Residential REIT to replace Y7bn worth of assets

REIT Samty Residential will acquire six properties for a total acquisition price of approximately 3.19 billion yen [$30 million]. It will also sell two properties in Sendai for approximately 3.84 billion yen [$36 million]. With these transactions, the REIT’s acquisition price based AUM will be approximately 118.42 billion yen [$1.1 billion].>>

Sotetsu acquires building in Kaigan, Minato-ku

Yokohama City's Sotetsu Urban Creates, a real estate company that is part of the Sagami Railway Group (Sotetsu), purchased a retail and office building in Kaigan, Minato-ku, Tokyo. >>

Nomura to build fourth Tamachi area PMO brand office

Nomura Real Estate Development will build tentatively-named PMO Tamachi IV, which is its mid-sized office building series, in Shiba, Minato-ku. >>

Kenedix Retail REIT to sell facility in Daikanyama, Shibuya-ku

Kenedix Retail REIT decided to sell a retail building in Daikanyamacho, Shibuya-ku. The sales price is... >>

Aizawa Securities selling two Nihombashi office buildings

Aizawa Securities will sell two office buildings in Nihombashi, Chuo-ku. The total price will amount to...>>

Mitsubishi starts constructing office building in Barcelona

Mitsubishi Estate began construction of an office building in Barcelona, Spain. London-based UK subsidiary Mitsubishi Estate London will finance the project and group company Europa Capital, which is also based in London, will manage this investment. This will be the Mitsubishi Estate group’s first office development on the European continent.>>

WHAT'S IN THE MONTHLY REPORT: NOVEMBER 2020Past Monthly Reports

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Area in Focus: Ginza

Changing Retail Cityscape

Tenants move out, store rents turn downward

Covid-19 is casting a dark shadow over Ginza, which is one of the most famous commercial districts in Japan. Sales of retail stores turned sluggish due to the decrease in the number of people coming to the area, and retail tenants are moving out one after another. Rents which remained high finally started to decrease. Although some large transaction cases are seen in the trading market, it has become difficult for transactions themselves to be made since the spread of the disease.>>

Transactions: 3Q 2020 | Occupier Market | Market Knowledge | Deals Roundup | Relocation Update | News Digest

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