News, Events and Media

    1. 2013-11-05

      Prologis REIT nimmt JPY 30 Milliarden neues Kapital auf und kauft 4 Logistikimmobilien

      J-Reits

      Proligis REIT, ein J-REIT, der von Proligis, dem weltweit tätigen Entwickler und Investor für Logistikzentren, gesponsert wird, bestätigt eine Kapitalaufnahme von JPY 30 Milliarden durch Ausgabe neuer Aktien. Gleichzeitig kauft der J-REIT 4 Logistikimmobilien für insgesamt JPY 54 Milliarden. Das Kapital wurde bei inländischen Investoren (JPY 21 Milliarden) und im Ausland (JPY 9 Milliarden) platziert. Der J-REIT verwaltet derzeit 20 Immobilien im Werte von JPY 305,5 Milliarden.

      Verkäufer der vier neu erworbenen Immobilien sind Objektgesellschaften aus dem Kreis des J-REIT Sponsors, Prologis.

      Weitere Details unter:
      http://www.prologis-reit.co.jp/site/file/tmp-bRVgj.pdf
      http://www.prologis-reit.co.jp/site/file/tmp-Z2trw.pdf

    2. 2011-12-02

      J-REITs participate in big style: Japan Real Estate acquires Akasaka Park Building for ¥60.8bn

      J-Reits

      ARES (The Association for Real Estate Securitization) reports that Japan Real Estate Investment Corporation (8952, “JRE”), the second largest REIT in Japan by market value, has acquired Akasaka Park Building (Minato-ku, Tokyo) from Mitsubishi Estate Co., Ltd. at a consideration of ¥60.8bn ($790m). This is the largest single J-REIT transaction in 2011, followed by the acquisition of the Mitsubishi Heavy Industry Building by Nippon Building Fund together with an unknown Japanese Co-Investor at a price of JPY 60.5 billion. Mitsui Fudosan sponsors Nippon Building Fund. Both transactions are number 4 and 5 of the largest transactions in 2011 and they confirm that J-REITs are back in business also for large scale, high profile transactions.

    3. 2011-10-05

      BLife wants to acquire four residential properties

      J-Reits

      ARES (The Association for Real Estate Securitization) reports that BLife wants to acquire four residential properties for JPY 15.7bn with funds from ¥17.6bn unit issue. The J-REIT sponsored by Daiwa House will be renamed to “Daiwahouse Residential” in December
      BLife Investment Corporation has announced that it will acquire four residential assets, three of which are located in Tokyo and one in Fukuoka, for ¥15.7bn. BLife will use the funds of a public offering of new investment units, through which the REIT aimed to raise as much as ¥17.6bn. With the acquisition completed, BLI will own 125 properties with a total acquisition price of ¥207.9bn.
      The REIT also has announced that it decided to change its name to “Daiwahouse Residential Investment Corporation” on December 1, 2011, it aims to be widely recognized that its asset manager is a member of the Daiwa House Group and that BLI’s main investment target is residential properties.

    4. 2011-09-30

      United Urban to buy Hotel JAL City Naha in Okinawa for ¥7.65bn

      J-Reits

      United Urban Investment Corporation has announced that it will acquire Hotel JAL City Naha (Naha-shi, Okinawa) for ¥7.65bn ($99m) on October 25, 2011. The seller is a wholly owned subsidiary of RISA Partners, Inc. The property is standing in a good location for a hotel that can expect to have demand for both leisure and business, UUR said. Built in 2006, the 14-story hotel has 304 guest rooms. UUR will conclude a long term sub-lease agreement with current operator (tenant), which will incorporate a variable rent system, linked with the state of operation of the hotel. UUR owns 89 properties with a total acquisition price of ¥413.7bn ($5.4bn).

      Link: http://www.united-reit.co.jp/site/file/tmp-MYpJR.pdf

    5. 2011-09-12

      J-REITs continue new PO activity

      Ganbaro Nippon, J-Reits

      Japan Retail REIT sponsored by UBS and Mitsubishi Corporation announced the total issuance price of their public offering had been fixed at JPY 20 billion. This issuance is the 4th public offering since the disaster. They will buy 12 retail properties all over Japan amounting to JPY 46 billion by using these proceeds.

      Japan Retail:
      http://www.jrf-reit.com/english/index.html

    6. 2011-09-12

      B Life REIT to issue new units through public offering

      Ganbaro Nippon, J-Reits

      B Life REIT sponsored by Daiwa House announced they decided to issue new units through public offering. They expect to receive JPY 19 billion of proceeds to buy 5 residential properties amounting to JPY 17.

      http://www.blife-reit.co.jp/eng/

    7. 2011-07-26

      J-Reits active buyers in the market after earthquake

      Ganbaro Nippon, J-Reits

      According to the statistics as provided by ARES Japan (The Association for Real Estate Securitisation in Japan), J-REITs have maintained as active buyers in the market after the March 11 earthquake, buying property for a total of JPY 130 billion between March 14 and June 30.

      Link to J-REIT Purchase of property value JPY 3 billion and more PDF 21,2KB

      Link to ARES statistics: http://www.ares.or.jp/en/survey.html#qsurvey

    8. 2011-07-08

      Daiwa Office to acquire E SPACE TOWER in Shibuya, Tokyo for JPY24bn

      Ganbaro Nippon, J-Reits

      Daiwa Office Investment Corporation announced that it will acquire E SPACE TOWER (Shibuya-ku, Tokyo) for ¥24.0bn. The seller is a special purpose company affiliated to Daiwa SMBC Principal Investments Co. Ltd. The acquisition will be financed by borrowing a total of ¥26.0bn from seven banks.
      The office building is located within about a 7-minute walk to Shibuya Station on the JR Lines and on the Tokyo Metro Lines. It has a total floor area of 18,145 sqm and was completed in 2002. The occupancy rate is 89.3% with seven tenants. The NOI is estimated to amount to ¥1,151m per annum providing a yield of 4.8% based on the purchase price.

    9. 2011-06-09

      Largest Public Offering of an J-Reit since August 2007 only 3 month after the Earthquake

      Ganbaro Nippon, J-Reits

      According to announcements by United Urban REIT, they have successfully increased capital of JPY 56.5 billion. This is the largest amount of public offering since August 2007.

      http://www.united-reit.co.jp/eng_cms/backnumber.html

    10. 2011-05-30

      METI (Ministry of Economy, Trade and Industry) presents a new update on the recovery of damaged infrastructure and manufacturing facilities in the earthquake hit Tohoku area confirming a speedy progress

      Ganbaro Nippon, J-Reits

      The attached METI presentation ‘Economic Impact of the Great East Japan Earthquake and Current Status of Recovery’ in an update on the recovery of damaged public transport infrastructure and manufacturing facilities. According to the presentation power blackouts during the coming summer will be unlikely and growth is expected to return to Japan from Q3 2011.

      20110530_Economic_Impact (PDF, 1,03MB)

    11. 2011-05-25

      First J-REIT Public Offering since March 11 earthquake a success

      Ganbaro Nippon, J-Reits

      According to an announcement by Orix JREIT the firm has successfully placed JPY 12.5 billion worth of new shares. This was the first public offering of a J-REIT since the March 11 earthquake.

    12. 2011-05-23

      United Urban REIT resumes public offerings

      Ganbaro Nippon, J-Reits

      United Urban REIT sponsored mainly by Marubeni Trading Company announced that they would resume the public offerings they cancelled right after March 11 earthquake at the beginning of next month. The company hopes to raise JPY 60 billion.

      http://www.united-reit.co.jp/eng_cms/backnumber.html

    13. 2011-05-09

      First J-REIT PO after March 11 Earthquake announced by Orix:

      Ganbaro Nippon, J-Reits

      Orix JREIT announced that they would make a public offerings this month for new property acquisitions. It is said to raise up to around JPY 13.8 billion in new equity.

    14. 2011-04-01

      Japan Hotel and Resort announced to change their earnings forecast

      Ganbaro Nippon, J-Reits

      Japan Hotel and Resort sponsored by Goldman Sachs announced that they decided to change their earnings forecast in the period ended at the end of August this year because they see their dividends drop by more than 5% compared to the previous forecast owing to the reduction of hotel demand caused by the disaster. They haven’t posted the exact updated figures in the still unclear situation.

    15. 2011-03-22

      Nippon Hotel Fund buys two hotel properties

      J-Reits

      Nippon Hotel Fund announced that they decided to buy 2 hotel properties, one in Tokyo (Nihonbashi, Chuo Ward) and one in southern Japan (Kumamoto, Kyushu), from their sponsors for JPY 6.1 billion in total. Its major sponsor, Singapore-based investment company Real Estate Capital Asia Partners, decided to increase the capital of the REIT for these acquisitions on the same day.

    16. 2011-03-15

      United Urban cancelled the acquisition of 5 properties

      Ganbaro Nippon, J-Reits

      United Urban sponsored by Marubeni cancelled the acquisition of 5 properties for JPY 24.1 billion and JPY 65 billion of public share offering. They cancelled the PO because of their unstable share price after the earthquake. They planned to decide the issuing price the week after the accident. Accordingly, they cancelled the deals because they intended to use some of the money for the acquisitions.
      http://www.united-reit.co.jp/eng_cms/backnumber.html

    17. 2011-03-15

      Nikkei Real Estate on the impacts of the earthquake

      Ganbaro Nippon, J-Reits

      Nikkei Real Estate organized the announcements about the impacts of the earthquake that hit northeast Japan on March 11 from each J-REIT as of the morning of March 14 and found out that there was no significant damage to the properties. By the end of March 14, all REITs finished announcing the status of their properties and no major physical damage was seen, though 3 retail properties owned by Mitsubishi UBS REIT stopped operation and some logistics properties owned by Mitsui Trading Company REIT continue to be investigated.

    18. 2011-02-25

      Mitsui Fudosan announced that they decided to acquire 60% shares of office building in Tokyo CBD

      J-Reits

      Nippon Building Fund REIT sponsored by Mitsui Fudosan announced that they decided to acquire 60% shares of an 8-year-old 66,700 sqm office building in Tokyo CBD (Shinagawa, Minato Ward). The price is JPY 36.3 billion that shows 4.3% of NOI cap rate.

    19. 2011-02-24

      Global One REIT announced to take over a sectional ownership of a office building in Tokyo CBD

      J-Reits

      Global One REIT announced that they decided to take over a sectional ownership of a 2-year-old 51,000 sqm office building in Tokyo CBD (Hirakawacho, Chiyoda Ward). The price is JPY 18.2 billion that shows 4.5% of NOI cap rate, and the seller is Mori Building, one of their sponsors.
      http://www.go-reit.co.jp/eng/cms/press.html

    20. 2011-02-24

      Advance Residence REIT announced to purchase residential properties

      J-Reits

      Advance Residence REIT sponsored by Ito Chu Trading Company announced that they decided to purchase 7 residential properties all over Japan for JPY 8.6 billion in total. The sponsor will hand over 4 properties among them.

    21. 2011-02-21

      Industrial & Infrastructure REIT decided to purchase 5 industrial properties

      J-Reits

      Industrial & Infrastructure REIT sponsored by UBS and Mitsubishi Corporation announced that they decided to purchase 5 industrial properties (4 in greater Tokyo and 1 in Nagoya) for a total of JPY 11.3 billion in total.

    22. 2011-02-14

      Frontier REIT decided to take over suburban mall

      J-Reits

      Frontier REIT sponsored by Mitsui Fudosan announced that they decided to take over a 4-year-old 57,000 sqm suburban mall in northern Tokyo (Kasukabe City, Saitama Prefecture) from the sponsor. The price will be JPY 10.0 billion showing 6.3% of NOI cap rate.
      http://www.frontier-reit.co.jp/en_cms/ir/news_release.html

    23. 2011-01-27

      Japan Real Estate REIT decided to buy office building in southern Tokyo

      J-Reits

      Japan Real Estate REIT sponsored by Mitsubishi Real Estate announced that they decided to buy a 5 year-old 23,000 sqm office building in southern Tokyo (Osaki, Shinagawa Ward) for JPY 12.3 billion from the sponsor.

    24. 2010-12-08

      Nomura Office REIT decided to sell office building in eastern Tokyo

      J-Reits

      Nomura Office REIT announced that they decided to sell an office building in eastern Tokyo (Toyocho, Koto Ward) for JPY 8.6 billion. The property has 18,000 sqm of total floor space and was completed in 1989.
      http://www.nre-of.co.jp/english/index.html

    25. 2010-12-01

      United Urban Investment Corporation merged with Nippon Commercial Investment REIT

      J-Reits

      United Urban Investment Corporation, a JREIT mainly sponsored by Marubeni Trading Corporation and Credit Suisse Group, announced that they successfully merged with Nippon Commercial Investment REIT which had been sponsored by Pacific Holdings, bankrupt real estate investment company.

    26. 2010-11-11

      Premier REIT sponsored by Nippon Telegraph and Telephone (NTT) Group announced that they would buy 14% of a class A building in Tokyo CBD

      J-Reits

      Premier REIT sponsored by Nippon Telegraph and Telephone (NTT) Group announced that they would buy 14% of a class A building in Tokyo CBD (Akihabara, Chiyoda Ward) for JPY 14.3 billion from Kajima General Constructor in a SPV share transaction. The building has 160,000 sqm of the total floor area and is 4 years old. NTT Group originally owned 66% of the SPV shares directly. The REIT will also buy 16% of a 100,000 sqm residential property in central Tokyo (Shibaura, Minato Ward) for JPY 5.5 billion from their another sponsor, Ken Corporation, through a SPV share transaction.

    27. 2010-11-10

      Kenedix REIT announced that they would acquire 2 office buildings in Tokyo CBD

      J-Reits

      Kenedix REIT announced that they would acquire 2 office buildings in Tokyo CBD (Ginza and Nihonbashi, Chuo Ward), whose size and price are almost the same: around 5,000 sqm and JPY 4 billion showing 4.8 % of NOI cap rate for Ginza and 5.5 % for Nihonbashi. The age of the buildings is 19 and 26 respectively. The seller is said to be Lone Star Funds.

    28. 2010-10-28

      Tokyu REIT announced that they would acquire two office buildings in Tokyo

      J-Reits

      Tokyu REIT announced that they would acquire two office buildings in Tokyo from Davinci Advisors, a major bankrupt real estate asset management company. They bought a 25 year-old 5,000 sqm office building in Tokyo CBD (Akibahara, Chuo Ward) for JPY 4.6 billion and a 18 year-old 8,000 sqm office building in eastern Tokyo (Kiba, Koto Ward) for JPY 4 billion.
      http://www.tokyu-reit.co.jp/eng/kaiji/kaiji.html

    29. 2010-10-15

      BLife REIT announced that they decided to buy 3 apartments

      J-Reits

      BLife REIT announced that they decided to buy 3 apartments from their sponsor, Daiwa House, for JPY 10.9 billion. They will allocate the proceeds from the recent sale for this deal without any financing.

    30. 2010-09-29

      BLife REIT sells condominiums in central Tokyo

      J-Reits

      BLife REIT sponsored by Daiwa House announced that they would sell condominiums in central Tokyo (Minato Ward) at JPY 11.7billion to fix their portfolio. BLife merged with New City Residence REIT this spring after Daiwa acquired the majority shares of the operating company of BLife from Morimoto, an emerging and bankrupt developer. The condominiums were originally invested in by New City Residence former employees of CB Richard Investors Japan originally set up.

      http://www.blife-reit.co.jp/eng/

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