Last Update: 09/24 2020 13:30 JST

Mitsubishi sells apartment building in Yokohama

Chiyoda-ku based Mitsubishi Estate Residence sold a rental apartment in Hagoromocho, Naka-ku, Yokohama City.>>

ACN purchases office building in Minato-ku

OA equipment sale and maintenance company ACN of Osaka City acquired an office property in Shiba-Daimon, Minato-ku, Tokyo.>>

Tokyu Land affiliated private REIT acquires Tokyu Plaza Ginza leased site

It was revealed that Broadia Private REIT had acquired the leased site of Tokyu Plaza Ginza, a large retail facility in Ginza, Chuo-ku.>>

Asia-focused PAG to invest up to $8bn in Japan real estate

The Asia-focused private equity firm PAG will invest up to 840 billion yen [$8 billion] in Japanese real estate over the next four years, Nikkei has learned.>>

Mitsui’s logistics REIT to acquire two properties for Y77.4bn

REIT Mitsui Fudosan Logistics Park (MFLP) will acquire two fully occupied logistics facilities. The acquisition price is approximately 77.4 billion yen [$710 million] in total.>>

Apparel company selling Jinnan, Shibuya-ku building for Y4.3bn

TSI Holdings, which is listed on the first section of the Tokyo Stock Exchange, will sell Crystal Point, a retail and office building in Jinnan, Shibuya-ku. >>


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Local Markets: Nagoya

Demand Shift Under Pandemic

Store rents decrease, development site transactions in Meieki area

The spread of COVID-19 infection is also impacting the real estate market in Nagoya. The needs for opening drugstores, which led the retail market rent, have decreased, and store rents in prime areas have started to decline. On the other hand, the impact on the rental office market is limited and the market condition remains strong. As for sale and purchase, transactions of development sites in the Meieki area are active. >>

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