News, Events and Media

1. 2010-09-14

   Mori Building REIT announced to reshuffle their assets with Mori Building

   J-Reits

   Mori Building REIT announced that they would reshuffle their assets with Mori Building to improve the ongoing return for whole portfolio. They decided to transfer a 10,000 sqm office building and 42 condo units to the sponsor at JPY 21.8 billion and buy the land, on which a subsidiary of the sponsor owns and operates a 15,000 sqm retail building, at almost the same price. The properties are all located in central Tokyo. The purchase price of the land shows 5.5 % of current NOI cap rate. The REIT is going to continue to execute this type of transactions to increase the return for whole portfolio from current 3.7% to more than 4.5%.

2. 2010-08-16

   Daiwa Securities Group acquires additional shares of DA Office REIT

   J-Reits

   Daiwa Securities Group, a Japanese major securities firm, announced that they would acquire additional shares of DA Office REIT and take over the position as the top shareholder from da Vinci, a Japanese large asset management company who originally set up this REIT and are now under reconstruction.

   http://www.daiwa-grp.jp/english/press/index.cfm

3. 2010-08-12

   Japan Logistics REIT acquiring 90% share of a large-scale logistics

   J-Reits

   Japan Logistics REIT sponsored mainly by Mitsui Trading Corporation announced that they are acquiring 90% share of a large-scale logistics in Tokyo suburb (Chiba) at JPY 17.4 billion from Prologis. Prologis will keep the remaining share.

   http://8967.jp/eng/index.html

4. 2010-08-03

   Japan Hotel Fund REIT announced that Rockrise Sdn Bhd acquires 70% shares

   J-Reits

   Japan Hotel Fund REIT announced on July 29, 2010 that Rockrise Sdn Bhd based in Malaysia acquires 70% shares of their operating company. The major substantial investors in Rockrise are City Developments Limited in Singapore and Franklin Resources, Inc. in the US.

5. 2010-08-03

   REITs raised JPY 200 billion from the market in H1 of 2010

   J-Reits

   According to Nikkei July 13 /2010, REITs raised JPY 200 billion from the market in H1 of 2010. Thereby the funding of REITs recovered to the same level as before Lehman’s fall.

6. 2010-08-03

   NTT Urban Development will enter the REIT market

   J-Reits

   NTT Urban Development (Nippon Telegraph and Telephone Corporation, the largest telecom company in Japan) revealed on April 26 that it will enter the REIT market by acquiring a share in the asset management company Premier REIT Advisors. According to a report by Nikkei RE NTT Urban will become the top shareholder with 53.1% in Premier. Premier REIT owns 45 properties worth JPY 140 billion (US$ 1.5 billion) as acquisition value. The company aims to expand its assets through acquisition of blue chip office buildings.

7. 2010-07-07

   The Association for Real Estate Securitization releases its 5th edition of the questionnaire survey on the financing environment

   J-Reits

   On April 13, 2010 the Association for Real Estate Securitization releases its 5th edition of the questionnaire survey on the financing environment surrounding J-REITs. The result shows that the financing environment surrounding JREITs as of March end has significantly improved compared to the previous survey as of the end of last year.

新しい投稿 →