Mori eyes ¥1 trillion in projects ahead of Games

Jun 4, 2014

Mori eyes ¥1 trillion in projects ahead of Games

Mori Building Co., Japan’s largest closely held developer, is planning projects in central Tokyo worth an estimated ¥1 trillion with its partners, as the city prepares for the Olympic Games in 2020. Mori is opening Tokyo’s second-tallest building next week, and plans to develop ...

Mitsui Fudosan plans big share issue on Olympics

May 28, 2014

Mitsui Fudosan plans big share issue on Olympics

Mitsui Fudosan Co. plans to raise as much as ¥324.6 billion in the biggest share sale by a property company in Japan in at least four decades. The proceeds will be used for real estate development, as the company sees opportunities ahead of the ...

May 8, 2014

Mitsubishi Estate turns first profit in three years

Mitsubishi Estate Co. said Thursday that full-year earnings rose for the first time in three years as profit margins at its residential business improved and office rents recovered. Net income gained 41 percent to ¥64.3 billion for the year ended March 31, the company ...

Korean buys on Tsushima rouse rightists' fears

Apr 10, 2014

Korean buys on Tsushima rouse rightists' fears

South Korean businesses are increasingly acquiring real estate around the Maritime Self-Defense Force’s base on Tsushima Island, arousing speculation that some of the purchases are related to espionage by Seoul. Tsushima is situated in the Sea of Japan about 50 km from the Korean ...

Land boom gives boost to REIT bonds

Feb 20, 2014

Land boom gives boost to REIT bonds

The nation’s real estate investment trusts are offering the most bonds since 2012 as Prime Minister Shinzo Abe’s stimulus steps spark a property-market boom and cut costs for REITs to refinance. Five issuers, including Sekisui House SI Investment Co. and GLP J-Reit, have sold ...