Last Update: 01/17 2020 14:30 JST

Monthly Edition Updated

JRF acquiring Omori retail facility for Y9.1bn

Japan Retail Fund (JRF), a REIT associated with trading house Mitsubishi Corporation, will acquire a retail facility in Omori-Nishi, Ota-ku. The price is 9.1 billion yen [$82 million].>>

Kokusai Akasaka Building to be expanded to 73,000 m2 GFA

The outline was disclosed for the reconstruction plan of Kokusai Akasaka Building, which is implemented by Sekisui House and Nippon Life Insurance. The new building will be approximately 160 m in height and have 32 floors above ground and three below with approximately 73,000 m2 of gross floor area. >>

Kobe company acquires Osaka apartment building

Kobe City's Shinko Real Estate acquired a rental apartment building in Kita-ku, Osaka City.>>

Hong Kong's Phoenix sells Oakwood Shinagawa for Y20bn

Phoenix Property Investors of Hong Kong sold a luxury serviced apartment building near the Konan exit of Shinagawa Station.>>

NTT Urban acquires Kamiyacho mixed-use building from Imabari Shipbuilding

NTT Urban Development purchased an office property near Kamiyacho subway station. The seller was Imabari Shipbuilding.>>

Mitsui’s private REIT acquires Ginza brand shop

Mitsui Fudosan Private REIT acquired a 51% co-ownership interest in Tory Burch Ginza in Ginza, Chuo-ku. >>


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Feature: Tech

Emergence of Flexible Workplaces

Short-term office lenders gain momentum with WeWork's downfall

WeWork's failed IPO has become a turning point in the U.S. tech boom. Instead of shrinking under the cold water thrown on its excitement of the last few years, however, the real estate technology sector is becoming even more energetic. The demand for short-term office rental that was unlocked by WeWork is real and rivals are working assiduously to achieve growth. We report from New York, the epicenter of the trend. >>

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