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SC Capital Partners has closed on capital commitments totalling up to $1 billion for its Japan Hospitality Fund, just eight months after announcing the strategy. SC Capital and two global institutional investors have made an initial commitment to the yen-denominated fund amounting to JPY 61 billion ($500 million), with a further top-up option to increase the total equity commitment to about $1 billion, the …
TOKYO — Japanese Prime Minister Fumio Kishida on Thursday announced his government will allow a limited number of foreign students and business travelers to enter the country from March, following pressure from business groups and academic circles. The move, which will mark the first major reopening of Japan’s borders in more than a year, comes as other parts of the world have relaxed COVID-19 …
Bain Capital, a U.S. investment fund, announced on January 14 that it will sell its portfolio company Oedo Onsen Monogatari Hotels & Resorts (central Tokyo) to U.S. Lone Star, with the sale scheduled for the end of February and the amount undisclosed. Bain acquired Oedo Onsen in 2015 for about 50 billion yen and has since increased its revenue, but after COVID-19 spread, the …
Covid-19 and WFH has heightened the demand for homes far from the city; potential buyers from Hong Kong make up about 25 per cent of the interest in Japanese ski properties Snow lovers are rejoicing now that European and US ski resorts, closed during last winter’s lockdowns, are reopening for the 2021-22 season. For owners of alpine properties, even better news is real estate …
South Korea’s Hana Alternative Asset Management Co. has beat 16 Japanese bidders to acquire a logistics center in the port of Osaka, Japan for ¥14.8 billion ($135 million). The transaction marked the first investment by a South Korean firm in Japan’s real estate market since the outbreak of the global pandemic. It is expected to deliver a return of more than double the 4% …
LaSalle Investment Management has secured JPY 33 billion (US$289 million) in fresh funds for its open-ended Japan fund and added eight industrial and residential assets to the venture as Asia’s second largest economy continues to find favour with property investors. The fund management unit of Jones Lang LaSalle said Thursday that a portion of the new funds raised for LaSalle Japan Property Fund have …
In a major shift for a country long reluctant to accept immigrants, Japan is looking to allow foreign nationals in certain blue-collar jobs to stay indefinitely starting as early as the 2022 fiscal year, a Justice Ministry official said on Thursday. Under a law that took effect in 2019, a category of “specified skilled workers” in 14 sectors such as farming, construction and sanitation …
JAPAN’S battered tourism industry is hopeful that it may be turning the corner on the pandemic. At the end of September, the state of emergency covering Tokyo and 18 other prefectures was lifted and an increase in vaccination rate (74.91% of the population fully vaccinated) has led to renewed confidence in domestic travel. The country also eased entry curbs for fully vaxxed business travellers …
For those who have been worried about when they can travel to Japan, the recent decision by Japan to ease entry restrictions on foreign nationals is a welcome development. However, since the government began accepting entry documents Monday, it has become apparent that the process isn’t that seamless, since the companies and organizations handling visitors have to go through a number of hoops. What …
Fortress, a SoftBank Group affiliated investment fund, has decided to acquire Japan’s largest golf course operator for around 400 billion yen ($3.5 billion). Accordia Golf operates about 170 golf courses in Japan, Japan’s largest golf course operator. Fortress, which also operates hotels in Japan, intends to gain synergy effects by sharing customers with Accordia and thus raise its corporate value. Fortress will acquire Accordia …
