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.
TOKYO, Feb 17 (Reuters) – The world’s best restaurant moved
to the world’s gourmet capital for five weeks and 2,800 diners
in Tokyo made good use of it.
Rene Redzepi, chef and co-owner of the Danish eatery Noma,
temporarily moved the Michelin-starred restaurant and its staff
to the 37th floor of a five-star hotel in Japan’s capital.
TOKYO, Feb 12 (Reuters) – China’s sovereign wealth fund
China Investment Corp (CIC) provided most of the
capital for a more than $1 billion purchase of Tokyo’s landmark
property Meguro Gajoen from Mori Trust Co, in China’s largest
investment in Japanese property, advisers said.
Earlier this week, LaSalle Investment Management, a property
investment manager, said a fund it arranged bought Meguro Gajoen
with money from a sovereign wealth fund, which it declined to
TOKYO, Feb 10 (Reuters) – Japan has extended by three months
the first-round bidding deadline for a multi-billion dollar
concession to run the Kansai international airport, responding
to concerns over the deal from potential bidders.
New Kansai International Airport Co, a state-owned company
that now runs the airport, said on Tuesday the deadline had been
extended to May 22 from Feb. 16, to assuage concerns over
profitability and risk held by companies that are considering
bidding for the licence.
TOKYO, Feb 4 (Reuters) – Mitsubishi Corp said on
Wednesday it had become cautious about bidding for a licence to
operate a major international airport in Japan due to the
“challenging” list of conditions set by the government.
The trading firm was one of nine Japanese companies the
government had shortlisted in December to bid for the concession
to run Kansai International Airport. The government expects to
raise at least $17 billion from selling the licence and the
first round of bidding will close on Feb. 16.
OSAKA, Japan (Reuters) – An economic rebound and loose money policy under Prime Minister Shinzo Abe briefly halted a long slide in Japan’s commercial property market, but the benefits of “Abenomics” appear increasingly limited to Tokyo, leaving a moribund hinterland.
For a while, as the Bank of Japan printed money and Abe spent it, commercial property investment, a barometer of economic activity, spilled beyond the capital into the country’s larger regional cities.
TOKYO, Dec 26 (Reuters) – New Kansai International Airport
Co said on Friday it shortlisted 20 bidders for a
multi-billion-dollar concession to run Japan’s fifth-busiest
passenger airport for 44 years.
They include Australia’s Macquarie Group’s
Macquarie Capital Group, Singapore’s Changi Airports
International, and Global Infrastructure Management, which
operates London’s Gatwick Airport, it said.
TOKYO, Dec 8 (Reuters) – “Cool Japan Fund”, financed mostly
by Japan’s government to promote Japanese culture overseas, will
invest as much as 2 billion yen ($16.51 million) in a ramen
noodle restaurant chain to set up premium outlets in Europe and
the United States.
Cool Japan Fund will inject 700 million yen into the
Fukuoka-based Chikaranomoto Holdings, which runs Ippudo ramen
restaurants in Japan and overseas including New York, London,
Sydney, Singapore and Seoul.
TOKYO (Reuters) – Mitsubishi Estate (8802.T: Quote, Profile, Research, Stock Buzz), Japan’s leading developer, and ANA Holdings (9202.T: Quote, Profile, Research, Stock Buzz), Japan’s largest carrier, have teamed up to bid for rights to operate facilities at Sendai Airport in northern Japan, sources with direct knowledge of the matter said.
Japan earlier this year opened bidding for the right to manage the airport’s runways and hangar facilities, as the nation tries to increase private investment in public infrastructure to cut its debt.