Last Update: 12/06 2019 11:00 JST

SoftBank establishing base in Shibuya Scramble Square

SoftBank will establish its office in Shibuya Scramble Square, which is directly connected to JR Shibuya Station. The company will lease an estimated floor area of 587 tsubos [1,940 m2] on the entire 45th floor, which is the top floor of the building.>>

Mitsubishi acquires Takanawa resi site in Minato-ku

Mitsubishi Estate Residence purchased 2,234 m2 of land in Takanawa, Minato-ku. The seller was real estate company Tosei. The land was formerly occupied by Takanawa Tosei Building.>>

Dai-ichi Life acquires 47% of massive apartment tower

Dai-ichi Life Insurance acquired 47% of preferred equity interest in Tokyo 17 TMK, a special purpose company which owns Kawadacho Garden in Shinjuku-ku, in September 2019. >>

Ichigo subsidiary acquires two Ginza retail buildings

Ichigo Land Shinchiku of Chiyoda-ku, a subsidiary of real estate fund manager Ichigo, purchased two retail buildings in Ginza, Chuo-ku. The company also acquired, in August 2018, a building which is adjacent to the two buildings that it acquired this time.>>

Paidy moving to Midtown Tower

Paidy will relocate its headquarters to Midtown Tower in Akasaka, Minato-ku on December 23. >>

Keihan secures 727 m2 in Osaka's Nishi-ku

Osaka City's Keihan Real Estate, a subsidiary of Keihan Electric Railway, acquired 727 m2 of land for development.>>

Kajima acquires Osaka HQ building of Takeda Pharma

It has been revealed that general contractor Kajima had acquired Takeda Mido-suji Building, an office building occupied by the Osaka headquarters of Takeda Pharmaceutical.>>


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WeWork Bailout

SoftBank steps in to save stumbling co-working giant

WeWork's IPO plan has stalled following the discovery of a series of scandals. After disclosing its listing prospectus, the company's management structure drew criticism for over-reliance on the CEO, culminating in his replacement. Current operations are steady but depending on how things develop, any plans to open new bases are likely to be thrown into question. However, one could argue that the Japanese business needs to be considered separately from what is happening in the U.S.>>

Area in Focus: Ginza | Transactions: 3Q 2019 | Occupier Market | Market Knowledge | Deals Roundup | Relocation Update | News Digest

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