News, Events and Media

    1. 2010-08-03

      Morgan Stanley sponsored fund sold Hyatt Regency Hakone Resort

      Foreign Investors

      Morgan Stanley sponsored fund sold Hyatt Regency Hakone Resort to a SPV believed to be held by a Hong Kong based investor according to a July 5, 2010 report by Nikkei.

    2. 2010-08-03

      US fund manager Fortress Investment Group becomes de facto owner of DaVinci

      Foreign Investors

      US fund manager Fortress Investment Group becomes de facto owner of DaVinci, a Japanese major asset manager, by acquiring JPY 20.5 billion (US$ 220 million) of its debt from BNP Paribas together with the accompanying subscription rights to new shares as reported on July 5, 2010 by Nikkei RE.

    3. 2010-07-28

      Mapletree Logistics Trust acquired additional 3 properties in Tokyo

      Foreign Investors

      Mapletree Logistics Trust, a Singaporean REIT, announced they acquired additional 3 properties in Tokyo suburb (Saitama & Chiba) at JPY 13 billion in total from a Japanese logistics company. Their total investment in Japan stands at 13 properties with a total acquisition value of JPY 50 billion.

      http://www.mapletreelogisticstrust.com/news_details.aspx?oid=499

    4. 2010-07-13

      Parkway Life Singaporean REIT announced they acquired additional 5 nursing home properties

      Foreign Investors

      Parkway Life Singaporean REIT announced they acquired additional 5 nursing home properties in Japan at JPY 3 billion from a Japanese real estate fund operator. Their total investment in Japan has become 29 properties at JPY 25 billion.

      http://www.plifereit.com/newsroom.html

    5. 2010-07-07

      LaSalle Investment Management has acquired Glass City Shibuya

      Foreign Investors

      LaSalle Investment Management has acquired Glass City Shibuya from a fund sponsored by Davinci Advisors, who bought the property in 2008 from Morgan Stanley. The building was bought for LaSalle Asia Opportunity Fund III. The 10,639 sqm office space building was build in 2004 and is located in Shibuya district, 10 minutes walk of Shibuya JR station. According to NIKKEI Real Estate Market Report on June 22, 2010 LaSalle decided on the investment after determining that real estate prices in Japan will see adjustments. The company will invest further US 2 billion in equity over the next 18 month, 50 to 60% of which in Japan

    6. 2010-07-07

      AXA Real Estate Investment Managers and Sumitomo Trust & Banking signed a joint agreement

      Foreign Investors

      AXA Real Estate Investment Managers and Sumitomo Trust & Banking signed a joint agreement in March 2010 on a real estate investment fund targeting Japanese real estate assets with a total size of JPY 100 billion of AUM and JPY 50 billion in equity. According to NIKKEI Real Estate Market Report on April 13, 2010 the fund targets office buildings in Tokyo with a individual value of JPY 3 to 8 billion aiming for a cap rate exceeding 5.5%. Both companies announced their plans for this fund already in October 2009.

    7. 2010-07-07

      Credit Agricole Group fund acquired the Yanagibashi First Building

      Foreign Investors

      Credit Agricole Group fund, Fudo Capital II, a Asia real estate investment fund, acquired the Yanagibashi First Building as its first investment in Japan. According to NIKKEI Real Estate Market Report on April 26, 2010 the investors plans to improve the value of the 1987 building by renovation and other means. The 12,623 sqm rentable space building is almost fully occupied.

    8. 2010-07-07

      Singapore’s Mapletree Investment acquires an office in eastern Tokyo

      Foreign Investors

      Singapore’s Mapletree Investment, a wholly owned subsidiary of state owned investment company Temasek Holdings, acquires an office in eastern Tokyo (Koto ward) from Itochu, a major Japanese trading firm. As reported by NIKKEI Real Estate Market Report on April 12, 2010 the 9156 sqm floor space building is fully occupied by IT systems developer JBIS Holdings and its group companies.

    9. 2010-07-07

      Mapletree Logistics Trust (MLT) acquired a logistics in northern Japan

      Foreign Investors

      Mapletree Logistics Trust (MLT), a Singapore listed REIT acquired a logistics in northern Japan (Sendai), at a price of JPY 1.49 billion. The freezing and refrigeration property 15 km from Sendai airport is fully leased until 2019. According to the publication of NIKKEI Real Estate Market Report on June 15, 2010 on this transaction MLT expects a 6.8% net return on its 10th logistic investment.

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