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Asset sale “HIS”, “Dentsu”, &#...

Assets are being sold by major companies. HIS, a major travel agency, announced that it will sell its headquarters in Minato-Ward, Tokyo (30/June). Dentsu Group, a major advertising company, announced that it is considering selling its headquarters building in Minato-Ward, Tokyo (29/June). Seibu Holdings also announced the sale of hotels in Japan and overseas, including The Prince Park Tower Tokyo, and the Shin-Yokohama Seibu …

IR Development Law fully enforced by Cabinet decision ...

 Kyodo News reported the cabinet decided on 13/July to enforce the provisions of “Act on Development of Specified Integrated Resort Districts”, called ”IR Development Law”, which stipulates the IR / casino system for operating casinos in Japan and measures against gambling addiction. The law will be fully enforced on 19/July.  This business licensed by the Casino Regulatory Commission will not apply criminal gambling charges even …

Tokyo metropolitan area built apartments contract unit...

Real Estate Information Network for East Japan announces trends in the Tokyo metropolitan area real estate distribution market in June 2021 (12/July). The number of built apartments contracts in the Tokyo metropolitan area in the same month was 3,262 (up 5.0% year-on-year), surpassing the previous year’s results for 4 consecutive months. By prefecture, Tokyo had 1,609 cases (down 0.4%), Saitama had 373 cases (up …

Fixed-point survey of residential land prices, zero &#...

Nomura Real Estate Solutions Co., Ltd. announced the results of a survey on “residential land price trends”in the Tokyo metropolitan area as of 1/July on 8/July.The number of survey points is 168. The average volatility for the April-June period of 2009 was 1.8% (previous: 1.0%), that marked the fourth consecutive quarter of positive growth.Tokyo’s 23 wards;previous 1.5%=>1.8%, Tokyo;previous 1.0%=>2.0%, Kanagawa;previous 0.8%=>0.5%, Saitama;previous 0.6%=>3.7% Chiba;previous …

Dentsu Group to sell Dentsu Headquarters Building for ...

Dentsu Group Inc. (TSR company code: 291096654, Tokyo, First Section of the Tokyo Stock Exchange) announced on June 29 that it plans to sell the Dentsu Headquarters Building for at least JPY268 billion. It is expected that a leaseback agreement for 11 years will be concluded and the difference of about 89 billion yen in book value of about 179 billion yen will be …

Tokyo’s 23 wards increased by 0.5% to JPY63.06 m...

Three major metropolitan areas / major cities / second-hand apartments (70㎡) Price changes by month. May: Tokyo capital area, up 0.6% month-on-month, hitting a new high of JPY40.44 million. In the Kinki area, it has risen for 7 months, and in Aichi prefecture, it has stopped rising since November last year. The price of second-hand apartments in the Tokyo metropolitan area in May 2021 …

Foreign executives of companies, 200,000 people double...

The government has set a goal of increasing domestic acceptance of overseas business owners and executives to about 200,000 by 2030. Double the number of 95,000 in 2019. With a view to revitalizing local areas, it will encourage the attraction of foreign-affiliated companies and increase the number of companies based outside Tokyo to 10,000 in 2026, more than double the number of 4,200 in …

Genting Singapore, Melco Resorts qualify for Yokohama ...

Yokohama has announced that only two operators, Genting Singapore and Melco Resorts & Entertainment, have passed its qualification screening process to take part in the city’s Request for Proposal (RFP) to develop an integrated resort. The candidate operators were named on Yokohama city’s website on Monday, which also revealed that Genting Singapore has teamed up with Japan’s Sega Sammy Holdings and Kajima Corporation as …

Goldman Sachs to double property investments in Japan

TOKYO, May 31 (Reuters) – Goldman Sachs Group will double its annual property investments in Japan to about 250 billion yen ($2.3 billion) as the U.S. investment bank aims to tap solid demand for logistics hubs and data centres, a person familiar with the matter said. Goldman Sachs, which currently spends 100 billion to 150 billion yen a year in such investments, will take …

Japan’s Kintetsu to sell hotels to Blackstone as...

TOKYO (Reuters) -Japan’s Kintetsu Group Holdings will sell eight hotels to U.S. buyout firm Blackstone Group for an undisclosed amount, the railway operator said on Thursday, in the latest private equity deal. Blackstone is part of a wave of foreign investors hunting for deals in Japan while banking on a rebound from the COVID-19 pandemic as companies shed non-core assets. Japan “has seen its …

Latest News Jun 08, 2021 0 Continue Reading

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