Junko's Feed
Dec 4, 2014

Mitsubishi Estate, ANA team among bidders for Sendai Airport rights

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.

Nov 20, 2014

Blackstone to buy GE’s property assets in Japan for $1.6 billion

Tokyo (Reuters) – Blackstone Group LP, the world’s largest private equity investor in real estate, said it will buy residential assets in Japan from General Electric Co (GE)’s property unit in a deal worth more than 190 billion yen ($1.6 billion), Japan’s largest property deal this year.

Blackstone will buy more than 10,000 apartment units in 200 properties in Japan’s largest cities including Tokyo, Osaka and Nagoya, the buyout fund said in a statement.

Nov 19, 2014

Otani cutting his teeth in Japan but MLB beckons

SAPPORO Japan (Reuters) – Shohei Otani has made waves in Japan by throwing strikes and smashing home runs for the Nippon Ham Fighters, but the ‘Double Sworded Samurai’ may have to give up one of his weapons if he is to realize his dream of making it big in Major League Baseball.

In his second season with the Fighters, the lanky right hander won a team-best 11 games with two shutouts, throwing 160 kph (100mph) fastballs and recording a 2.61 earned run average.

Nov 6, 2014

Japan banker hopes for smalltown encore with ‘curtain call’ loans

OGAKI, Japan, Nov 7 (Reuters) – While rival banks sit on
their deposits, frustrating government efforts to reflate
Japan’s stagnant economy, regional banker Takashi Tsuchiya will
write you a loan to close your business or end your marriage.

The portly boss of Ogaki Kyoritsu Bank (OKB) in the
central Gifu prefecture, who deploys an infectious giggle as
liberally as he disburses loans, sees opportunities in borrowers
that most of Japan’s reluctant regional lenders would dismiss as
dead ends.

Sep 22, 2014

U.S. asset manager Fortress seeks more Japan hotel investments amid tourism boom

TOKYO, Sept 22 (Reuters) – Fortress Investment Group
is prioritising investments in hotels in Japan, a senior
executive said on Monday, as the U.S. asset manager seeks to
cash in on a government drive to boost tourism ahead of the 2020
Tokyo Olympics.

Akio Yamashita, managing director for Fortress Investment
Group (Japan) GK, told Reuters the firm expects hotels to
generate the highest returns among its various property assets
because far more tourists are expected to visit Japan than there
are places for them to stay.

Sep 18, 2014

Land prices rise in Japan’s biggest cities, still weak elsewhere

TOKYO (Reuters) – Land prices in Japan’s three largest metropolitan areas rose in the 12 months to July 1, driven by investments in office properties and housing demand, but prices in most smaller cities kept falling, a government survey showed.

Commercial land prices for metropolitan areas surrounding Tokyo, Osaka and Nagoya rose 1.7 percent in the year to July 1, a much faster pace than the previous year’s 0.6 percent gain, according to the Ministry of Land, Infrastructure, Transport and Tourism.

Aug 25, 2014

Singapore’s GIC in talks to buy Tokyo building for $1.6 bln -sources

TOKYO/SINGAPORE, Aug 25 (Reuters) – Singapore’s sovereign
wealth fund is in talks to buy a Tokyo office tower for about
170 billion yen ($1.6 billion), three people with knowledge of
the deal said, in what would be Japan’s biggest property
transaction since the financial crisis.

Singapore’s GIC Pte, which already has a large
presence in Japan’s property market, outbid the asset management
unit of Goldman Sachs Group Inc, which also participated
in the final bid for the property, which was put up for sale by
Secured Capital, part of Asian private equity firm PAG.

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

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.