United Urban Investment Corporation has agreed to sell an ageing Greater Tokyo office building to an undisclosed buyer for JPY 19 billion ($130 million), with the TSE-listed REIT also planning to acquire more strata space in the capital’s Chiyoda ward.
Mori Trust Acquires Osaka Hotel From PAG as City Preps for Expo 2025
With Osaka projected to host over 28 million visitors at the World Expo next year, Tokyo-based Mori Trust has picked up a 300-key hotel in the city from private equity major PAG which could set it up to profit from… Read More>>
Sankei Real Estate Buying Out Tokyo Office Building for $50M, Adding Hokkaido Hotel
Sankei Real Estate has agreed to buy out the remaining 49 percent interest it does not own in a central Tokyo office building for JPY 7.5 billion ($50 million), with the TSE-listed REIT also set to acquire a 40 percent… Read More>>
NTT UD REIT Upping Stake in Tokyo Mixed-Use Complex With $99M Investment
Japan’s NTT UD REIT has agreed to increase its 15 percent interest in a Tokyo mixed-use complex to 34.2 percent via a JPY 14.9 billion ($99 million) stake acquisition from the trust’s sponsor.
The complex, known as Granpark, is a… Read More>>
Daiwa House Selling Chiba Warehouse to J-REIT for $200M
Daiwa House Industry is selling a logistics facility in Greater Tokyo to a TSE-listed REIT sponsored by the Japanese home builder for JPY 30 billion ($200 million).
Daiwa House REIT Investment Corporation is acquiring DPL Urayasu III in Chiba prefecture,… Read More>>
Japan Excellent REIT to Sell Tokyo Office Building for $41M
Japan Excellent Inc is selling a Tokyo office block for JPY 6.1 billion ($41 million) as the TSE-listed REIT anticipates an increase in repair expenses for the 1991-vintage building.
The office-focused J-REIT revealed in an investor disclosure on Monday that… Read More>>
KKR Japan Logistics Operator Selling $700M in Warehouses to J-REIT
A Japanese REIT managed by KKR is ramping up its industrial portfolio with a proposed purchase of JPY 108.3 billion ($700 million) in logistics assets across Asia’s second-largest economy, the TSE-listed trust said on Thursday.
Industrial & Infrastructure Fund Investment… Read More>>
Mitsubishi Estate Selling Stake in Tokyo Office Building to REIT for $132M
Mitsubishi Estate is selling a stake in a Tokyo office building to a TSE-listed REIT sponsored by the Japanese property giant for JPY 19.8 billion ($132 million).
Japan Real Estate Investment Corporation informed the Tokyo bourse on Tuesday that it… Read More>>
Sekisui House REIT Picking Up Tokyo Apartments, Office Tower for $77M
Sekisui House REIT has made its biggest splash of 2023, with the TSE-listed trust having announced the acquisition of three Tokyo rental residential assets and an office building in the capital’s Shinjuku district for a total of JPY 11 billion… Read More>>
China Jumps to Fourth Spot Among Asian REIT Markets as Mainland Listings Grow
Mainland China’s pilot infrastructure REIT program grew by 80 percent in value during 2022, propelling the economic giant to the fourth spot among real estate investment trust markets in Asia as many of the region’s more development markets saw steep… Read More>>