TOKYO, May 20 (Reuters) – Days before the sale of Kansai
International Airport closes, just one Japanese company has
pledged to bid, casting doubt on a marquee project in Prime
Minister Shinzo Abe’s effort to involve private companies in
major infrastructure projects.
The 10-month initial bidding for the rights to run Japan’s
fifth-busiest airport is meant to start a wave of public-private
partnerships to attract investment to Japan, chip away at the
government’s massive debt and introduce more market rigour to
TOKYO, May 13 (Reuters) – Blackstone Group, Hong
Kong-based investor PAG and Japanese property firm Hulic Co
are among potential bidders for property asset manager
Simplex Investment Advisors in a deal that could fetch around
150 billion yen ($1.25 billion), people with knowledge of the
U.S.-based property investment fund Aetos Capital Real
Estate has put Simplex up for sale, the people told Reuters,
with a first bidding round to close by the end of this month.
TOKYO, April 27 (Reuters) – U.S. firm Applied Materials Inc
on Monday scrapped its $10 billion planned takeover of
chip-making gear rival Tokyo Electron Ltd after the
deal, a rare foreign bid for a Japanese firm, ran afoul of U.S.
The all-share purchase would have combined two of the
world’s largest makers of the equipment that makes semiconductor
chips into a firm with a market value over $38.5 billion.
TOKYO, April 21 (Reuters) – Chef Yoshihiro Narisawa, the
owner of Narisawa, serves sake with his dishes because he
believes the finest local ingredients go well with the local
Narisawa, ranked among the top restaurants in the world and
considered Tokyo’s finest French eatery, serves more than 60
types of sake with the dishes on its menu.
TOKYO (Reuters) – Apa Group aims to capitalize on an boom in visitors to Japan by building the country’s biggest hotel in time for the Tokyo 2020 Olympic Games, the chief executive of the nationwide hotel chain said.
The unlisted operator of mid-priced accommodation plans to open a 2,400 room hotel in the port city of Yokohama, some 40 km (25 miles) south of a capital city experiencing an upsurge in room rates after a 29 percent jump in tourists last year.
TOKYO, April 6 (Reuters) – The state-linked Cool Japan Fund,
comprised mostly of taxpayers’ money, on Monday said it will
invest about 260 million yen ($2.18 million) in a company that
plans to operate upmarket green tea cafes in the United States.
The fund will own 49.9 percent of Green Tea World USA Inc
which aims to open its first cafe this year in California, Cool
Japan Fund Managing Director Masayuki Suzuki said at a news
TOKYO (Reuters) – U.S.-based property investment fund Aetos Capital Real Estate is preparing to sell Simplex Investment Advisors, a Japanese real estate asset management firm, seeking as much as 200 billion yen ($1.7 billion), people with knowledge of the deal said.
Aetos, which has hired Mitsubishi UFJ Morgan Stanley as a sale adviser, has sounded out investment funds including U.S. property investor Blackstone Group LP (BX.N: Quote, Profile, Research, Stock Buzz) and Hong Kong-based investment fund PAG, the people said.
TOKYO, March 18 (Reuters) – Japan’s commercial land prices
ended a six-year drop last year as easy money drove investment,
but prices outside the biggest cities continued their two-decade
slide, government data showed.
Nationwide prices were flat on average, recovering from a
decline of 0.5 percent in 2013 and ending a downtrend that has
continued since 2008, according to the annual survey by the
Ministry of Land, Infrastructure, Transport and Tourism.
TOKYO, March 13 (Reuters) – A real estate arm of a Japanese
media group Fuji Media Holdings edged out a fund run by Morgan
Stanley and others to buy a hotel holding company from a
Japanese government-controlled fund, people involved in the sale
The sale of the company with portfolio of 10 hotels for
about 5 billion yen ($41.2 million) comes at a time when
competition to buy hotels in Japan has been intensifying and
drawing interest from offshore investors because of increasing
demand from tourists.
TOKYO (Reuters) – After building an artificial island off Osaka to host a gleaming, new airport in 1994, officials discovered it was sinking into the sea.
More than 20 years later, the high-stakes deal to privatize Kansai International Airport could be at risk of a similar fate, an embarrassing setback in Prime Minister Shinzo Abe’s drive to attract investments and cut its massive debt.