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 Buys Japanese Hotels, Sells Offices for $232M in Portfolio Reshuffle
Sankei Real Estate is selling office assets in Tokyo and Osaka for JPY 34 billion ($232 million) and putting half of the proceeds into the purchase of three hotels across the island nation, as the TSE-listed REIT adapts to the… Read More>>
Japan’s Tokyu Land Completes 162,000 SQM Greater Osaka Warehouse
Tokyu Land Corporation last week announced the completion of a 161,539 square metre (1.7 million square feet) warehouse in Greater Osaka, marking the Japanese property giant’s largest industrial project to date.
Designed to serve the cities of Kyoto, Osaka and… Read More>>
Mapletree Sells Retail Building in Osaka’s Namba Shopping District for $360M
Singapore’s Mapletree Investments has sold a 10-storey retail tower in one of Asia Pacific’s most expensive shopping districts to Japan’s fifth-largest electronics and home appliance retailer as consumer spending rebounds in Asia’s second-biggest economy.
The Temasek Holdings owned fund manager… Read More>>
CapitaLand Ascott Trust Selling Osaka Hotels to Alyssa-Managed Fund for $75M
CapitaLand Ascott Trust announced on Sunday that it will divest three hotels in Osaka for JPY 10.7 billion ($75 million) as part of what the Singapore-listed REIT described as a portfolio reconstitution effort.
CLAS said in a press release that… Read More>>
Singapore’s GIC Adds Two More Daiwa-Built Sheds to Japanese Portfolio
GIC has acquired a pair of Japanese logistics facilities from Daiwa House Industry for an undisclosed sum, marking the eighth and ninth industrial assets that the Singapore sovereign wealth fund has purchased from the developer in its home market this… Read More>>
Macquarie-Backed AirTrunk Mulls $6.4B IPO and More Asia Real Estate Headlines
A Macquarie-backed data centre operator may be headed to a $6.4 billion IPO, with that story leading our roundup of real estate headlines today. Also in the news, Hong Kong’s relaxed mortgage policies are expected to have little effect on… Read More>>
CDL Buys Osaka Hotel for $58M, Adding to String of Hospitality Acquisitions
City Developments Ltd has acquired a 256-room Osaka hotel for JPY 8.5 billion ($58 million), chalking up the Singapore property giant’s third hospitality acquisition this year.
CDL paid roughly $230,000 per key for the Bespoke Hotel Shinsaibashi, a freehold property… Read More>>
Singapore-Listed Thakral Sells Osaka Hotel Stake, Eyes More Japan Divestments
Thakral Corp has sold its 50 percent stake in a 120-key business hotel in Osaka for an undisclosed sum as the Singapore-listed investment firm continues to scale back its exposure to Japanese real estate.
The firm, whose businesses span real… Read More>>
Mapletree Industrial Trust Enters Japan With $370M Osaka Data Centre Buy
Singapore’s Mapletree Industrial Trust plans to acquire a 10-megawatt data centre in downtown Osaka for JPY 52 billion ($370 million), marking the Temasek-backed REIT’s first investment in Japan.
SGX-listed MIT will acquire an effective interest of 98.47 percent in the… Read More>>