Junko's Feed
Aug 14, 2014

Mori Trust in talks to buy Lone Star $1 bln Tokyo property -sources

TOKYO, Aug 14 (Reuters) – Japanese property developer Mori
Trust Co is in final talks to buy a complex of buildings in
Tokyo from U.S. buyout firm Lone Star for more than 100 billion
yen (about $1 billion), five people with knowledge of the matter
said.

The deal, which could close as early as next week, came
about after Singapore sovereign wealth fund GIC Pte Ltd
backed out earlier this year due to a legal dispute over the
ownership of the property, the Meguro Gajoen complex.

Aug 13, 2014

Goldman Sachs a final bidder for $1.6 billion Tokyo building: sources

TOKYO (Reuters) – A Goldman Sachs Group Inc unit is a final bidder for a Tokyo office tower in a deal that could fetch about 165 billion yen ($1.6 billion), said people familiar with the deal, which could be the biggest office property deal in six years.

Secured Capital, part of Asian private equity firm PAG, is trying to sell the 32-storey Pacific Century Place Marunouchi, in a prime spot near the Tokyo railway station. It bought the property for about 144 billion yen in 2009.

Aug 7, 2014

Orix, Angelo Gordon seek $390 mln for Tokyo office building -sources

TOKYO, Aug 7 (Reuters) – Japan’s Orix Corp and New
York investors Angelo Gordon & Co are seeking around $390
million for their stake in a well-known Tokyo office building as
the property market in Japan’s biggest cities heats up.

A property arm of the Japanese financial company and the
U.S. alternative investment firm hope to get about 40 billion
yen for the 80 percent stake they bought in the 26-storey
Kioicho Building in central Tokyo in March 2012, said three
people with direct knowledge of the deal.

Jul 25, 2014

Japan to open bids for Kansai, Osaka airports operating rights in Oct.

TOKYO, July 25 (Reuters) – Japan will in October invite bids
for the operating rights for a major international airport, an
official said on Friday, in a deal expected to be among the
biggest in Prime Minister Shinzo Abe’s drive to draw private
funds into public infrastructure.

The licence for New Kansai International Airport, which will
be bundled with the operating rights for smaller Osaka
International Airport, should fetch at least 2 trillion yen ($20
billion), Keiichi Ando, the chief executive of the
government-owned New Kansai International Airport Co, told
reporters.

Jul 4, 2014

Cuba opens pipeline of baseball talent to Japan, U.S. left out

HAVANA/TOKYO (Reuters) – Cuba is allowing some of its best baseball players to take their skills to Japan and make good money instead of risking their lives at sea with human traffickers in pursuit of Major League Baseball dreams.

The bright lights of the U.S. big leagues do still draw Cuban prospects to speedboats in order to escape the communist-run island – one player just left the island and six others were excluded from the national team for trying.

Jul 1, 2014

Japan opens bidding for Sendai Airport rights in privatisation drive

TOKYO, July 1 (Reuters) – Japan has opened the bidding for
rights to operate facilities at Sendai Airport, the nation’s
10th busiest, the first step of Prime Minister Shinzo Abe’s
drive to increase private investment in public infrastructure as
he tackles bloated government debt.

Both foreign and domestic bidders will be eligible to vie
for rights to operate the airport’s runways and hangar
facilities for up to 65 years, Japan’s Ministry of Land,
Infrastructure, Transport and Tourism said in a website posting
dated June 27.

Jul 1, 2014

Japan land prices in three largest cities rise in 2013 -govt survey

TOKYO, July 1 (Reuters) – Land prices in Japan’s three
largest metropolitan areas rose in 2013, spurred by property
investments, while prices in smaller cities kept declining,
highlighting a widening divide between the biggest urban centres
and more remote areas, a government survey showed.

Land prices in Tokyo rose 1.8 percent last year while Osaka
posted a 0.3 percent rise, both climbing for the first time in
six years.

Jun 27, 2014

Japan’s state bank JBIC seeks more deals with private equity firms

TOKYO (Reuters) – State-owned Japan Bank for International Cooperation (JBIC), which provides financial resources to domestic firms expanding abroad, is looking to boost its support for Japanese private equity-owned firms in overseas M&A deals, a JBIC executive said.

JBIC is also keen to jointly invest in domestic companies with global private equity firms, Shigeki Kimura, global head for JBIC’s industry finance group, told the AVCJ Japan Private Equity and Venture Forum on Thursday.

Jun 26, 2014

Some Japan lawmakers seek U-turn in regulation of moneylenders

TOKYO, June 27 (Reuters) – Four years after Japan tightened
rules on the consumer finance industry – and wiped out thousands
of non-bank moneylenders – some lawmakers in the ruling Liberal
Democratic Party want to shift back to deregulation, arguing
this would help small businesses access the cash they need and
fuel economic growth.

The LDP-led government began tightening regulations in
consumer lending in 2006, as millions of individuals and small
firms took on debts they couldn’t repay and as criticism grew
over the menacing methods used by some to collect debts.

May 23, 2014

KKR urges Japan’s pension fund to invest in private equity as reforms loom

TOKYO, May 23 (Reuters) – KKR & Co is calling on
Japan’s public pension fund, the world’s largest, to start
investing in private equity funds to boost returns and encourage
other institutional investors to seek higher-yielding
alternative investments.

KKR Japan CEO Hirofumi Hirano said on Friday he would like
to team up with the Government Pension Investment Fund (GPIF) to
invest in Japanese companies directly, something that the $1.26
trillion fund has never attempted.