Japan
German fund sells Tokyo office investments for $USD295m
THE real estate arm of East Japan Railway has bought the Shibuya Prime Plaza office building for in excess of 25 billion yen - around $USD165 million - Germany’s Union…
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Travellers have more Choice in Japan
NEW York Stock Exchange-listed Choice Hotels International has expanded its presence in Japan by adding 22 properties. The company’s subsidiary…
Japanese group expands in Waikiki
JAPAN’S Financial Partners Group Co has acquired a rare hotel conversation opportunity in heart of Waikiki, Honolulu, Hawaii. FPG has…
Luxury retail rents continue to recover
TSIM Sha Tsui in Hong Kong held on to the title as the world’s most expensive luxury retail destination, whilst…
Stable property values limit Asia Pacific investors debt liabilities
PROPERTY investors in Asia Pacific face a relatively small funding gap of US$8.4 billion on US$257 billion of outstanding senior…
HKL divests Tokyo capsule hotel
HONG Kong property developer and investment group Hon Kwok Land has sold a capsule hotel in Japan’s capital of Tokyo…
Sekisui buys in Seattle
JAPAN'S Sekisui House REIT has bought a $USD328 million residential tower in Seattle in the United States. Two special purpose companies…
Asia Pacific prime rents continue free fall
PRIME office rents in the Asia Pacific region fell again for the seventh consecutive quarter, led by Jakarta. However, Manila,…
Japanese owner mulls USD$750m Manila casino resort float
JAPAN’S Universal Entertainment Corp is reviving its plans to list its mega casino and resort complex, Okada Manila in the…