BearLogi
Phone Number
81-3-6796-2826
   
News
Research
Contact Us
Company
 

News

 

Japan Real Estate Function - ULI Japan, Young Leaders Group - (31/01/2011)

The ULI Japan's Young Leaders Group invites you to the YLG Shinnenkai!


Date: 

Thursday, February 3

Time: 

7:00pm -

Venue:

MIXX Bar & Lounge

(ANA Intercontinental Hotel 36F, 1-12-33 Akasaka, Minato-ku, Tokyo)

TEL:

03-3505-1111

MIXX Bar&Lounge Information 

MIXX Bar&Lounge Access

Free entrance and cash bar. First 50 guests to arrive will be offered 1 Free Drink Ticket!

Finger food generously co-sponsored by Asterisk Realty and Bear Logi.

     

 This is a great opportunity to network with new and old friends from the real estate community in a casual and friendly environment. All are welcome so please invite your co-workers and business partners to join us.

ULI Japan Website

Asterisk Realty Website

Bear Logi Website

 

This is our first event for 2011 so we look forward to seeing you there!

YLG Steering Committee

* Please note that a cloak service will be available at the venuebut we recommend that you keep your valuables with  you.

Prospect       Shin-Ei Real Estate Business 


<><><><><><><><><><><><><><><><><><><><><><> 

ULI Japan

 

 

COI Uchikanda Building 8F

3-2-8 Uchikanda

Chiyoda-ku, Tokyo 101-0047

TEL: 03-5297-6132

FAX: 03-5297-6133

ULI Main Website http://www.uli.org

ULI Japan Website http://japan.uli.org

<><><><><><><><><><><><><><><><><><><><><><> 



+ 3PL company concludes leasing contract for Yokohama Logistics Park - (28/01/2011)

R.I.C. Management Corporation an industrial real estate firm announced that it concluded a leasing contract with a 3PL company for Yokohama Logistics Park located at Daikoku-cho, Tsurumi-ku, Yokohama city, south of Tokyo Japan. The 3PL company will occupy about 13,500m2 (about 4,100 tsubo) of the whole 4th floor and about 6,350m2 (about 1,900 tsubo) on the 5th floor of YLP and will be the second tenant at YLP after Sagawa Global Logistics on the 6th floor.

Source: RICM

+ Bear Logi releases Japan Construction Methods research - (27/01/2011)

Bear Logi Co., Ltd., a Japanese Real Estate company based in Tokyo has released a new data sheet. The data sheet briefly describes the construction methods in Japan. The Japan Construction Methods sheet can be downloaded here or from our research page on our website at http://www.bearlogi.jp/en/research.asp that also contains other research papers on Japan industrial real estate.


+ Grosvenor Targets Japan and China Real Estate - (26/01/2011)

Grosvenor Group Ltd., a real estate company owned by the family trust of Britain’s Duke of Westminster, aims to raise at least $270 million for a property fund that will invest in properties in China as well as a $500 million fund targeting Japan Real Estate.

 

Grosvenor has $16 billion in assets and wants investments in Asia to account for 20 percent of its portfolio, almost triple the current allocation.

 

For the new funds, Grosvenor is targeting investors in China and Japan in addition to global institutional investors. The China fund may invest in industrial and commercial properties.

 

Chinese developers shifted more investments to commercial properties last year as the government imposed curbs on homes, marking the start of an “era” for malls, office and industrial real estate. Commercial real estate investment jumped 42 percent last year from 2009, while transaction volume rose 20 percent.

 

Grosvenor plans to start buying properties as early as September for the Japan-focused fund, amid signs office rents in Tokyo are bottoming. Average office rents in Tokyo dropped to 17,585 yen ($213) per tsubo in December, the lowest in six years as the vacancy rate started to decline from a record high of 9.17 percent in August. One tsubo, a standard measure of property area in Japan, is 3.3 square meters, or 35.5 square feet.

 

Source: Edited from article originally appearing in Bloomberg

 

+ The ULI Japan's Young Leaders Group invites you to the YLG Shinnenkai! - (25/01/2011)

The ULI Japan's Young Leaders Group invites you to the YLG Shinnenkai!


Date: 

Thursday, February 3

Time: 

7:00pm -

Venue:

MIXX Bar & Lounge

(ANA Intercontinental Hotel 36F, 1-12-33 Akasaka, Minato-ku, Tokyo)

TEL:

03-3505-1111

MIXX Bar&Lounge Information 

MIXX Bar&Lounge Access

Free entrance and cash bar. First 50 guests to arrive will be offered 1 Free Drink Ticket!

Finger food generously co-sponsored by Asterisk Realty and Bear Logi.

    

 This is a great opportunity to network with new and old friends from the real estate community in a casual and friendly environment. All are welcome so please invite your co-workers and business partners to join us.

ULI Japan Website

Asterisk Realty Website

Bear Logi Website

 

This is our first event for 2011 so we look forward to seeing you there!

YLG Steering Committee

* Please note that a cloak service will be available at the venue, but we recommend that you keep your valuables with you.

Prospect       Shin-Ei Real Estate Business 


<><><><><><><><><><><><><><><><><><><><><><> 

ULI Japan

 

 

COI Uchikanda Building 8F

3-2-8 Uchikanda

Chiyoda-ku, Tokyo 101-0047

TEL: 03-5297-6132

FAX: 03-5297-6133

ULI Main Website http://www.uli.org

ULI Japan Website http://japan.uli.org

<><><><><><><><><><><><><><><><><><><><><><> 

 


+ Bear Logi releases Japanese Licenced Financial Institutions & Life Insurance Companies research - (25/01/2011)

Bear Logi Co., Ltd., a Japanese Real Estate company based in Tokyo has released a new data sheet. The data sheet briefly shows the list of Japanese Banks, licenced financial institutions and life insurance companies. The Japanese Licenced Financial Institutions, Banks & Life Insurance Companies in Japan sheet can be downloaded here or from our research page on our website at http://www.bearlogi.jp/en/research.asp that also contains other research papers on Japan industrial real estate.

+ Japanese land for sale Maibara-Minami Industrial Park - (24/01/2011)

Offering for Subdivision Lots in Maibara-Minami Industrial Park

 

Overview of offering and schedule (see the application guideline for detail)

Maibara City is a traffic node connecting Keihanshin (Kyoto-Osaka-Kobe), Chukyo(greater Nagoya) and Hokuriku area while it has well-developed foundation for logistics such as to-be-constructed new Maibara Cargo Terminal station (tentative name) in addition to conventional railways and highways. In order to have formation and development of regional industrial clusters by taking advantage of the above-mentioned characteristics, “Maibara-Minami Industrial Park” has been developed in an area next to Cargo Terminal station (scheduled land).

For about 10.6ha (1-9 lots) of land for subdivision in this Maibara-Minami Industrial Park, Maibara City seeks enterprises which can conduct activities related to local characteristics such as manufacturer emphasizing supply chain or transport company bearing advancement of logistics.

The application should be done for all the lot (package) or for multiple lots (a part of all the lots) or for a single lot, and offering will proceed in the following schedule:

 

Offering schedule

1. Publication and distribution of application guideline

17 January 2011

2. Acceptance of questions on application guideline

From 17 to 31 January 2011

3. Publication of answers to questions received

16 February 2011

4. Acceptance of application

From 14 to 18 March 2011

5. Determination of scheduled businesses

Early-April 2011

6. Conclusion of business facility establishment agreement

Mid-April 2011 (within 14 days after determination of scheduled businesses)

7. Conclusion of land sales contract (payment of deposit for contract)

Mid-June 2011 (within 60 days after conclusion of business facility establishment agreement)

8. Delivery of land (payment for land)

Mid-September 2011 (within 90 days after conclusion of land sales contract )

 

Overview of subdivision lots for sale

1. Overview of industrial park

1.1 Location: Iso Maibara-shi, and Umegahara, Maibara-shi, Shiga, Japan

1.2 Zoning: Exclusive industrial district

1.3 Building coverage ratio/ floor area ratio: 60% / 200%

 

2. Lots for offering

Lot

Area (square meters)

Subdivision price

1

13,363.87

JPY 327,415,000

2

8,584.10

JPY 210,311,000

3

9,463.49

JPY 231,856,000

4

10,798.15

JPY 264,555,000

5

12,011.59

JPY 294,284,000

6

12,925.66

JPY 316,679,000

7

12,859.50

JPY 315,058,000

8

12,910.14

JPY 316,299,000

9

12,939.02

JPY 317,006,000

 

Lot map

 

3. Access

3.1 Road: About 6km far from Maibara IC of Hokuriku Expressway

About 6km far from Hikone IC Meishin Expressway

3.2 Railway: About 2km far from JR Maibara station

 

Application guideline:
- Application guideline (in pdf)
- Application form (in Microsoft Word)
- Plan of boundary of lot and side length (in pdf)
  * CAD data (in dxf format) is also available.
- Result of ground survey (in pdf)

Other related materials:
- Support system
- Location map
- Introduction brochure (in pdf)

Contact: City Promotion Bureau, Maibara City Office
TEL: +81-(0)749-52-6784

 

Source: City of Maibara

+ Bear Logi releases Contract Types in Japan research - (19/01/2011)

Bear Logi Co., Ltd., a Japanese Real Estate company based in Tokyo has released a new data sheet. The data sheet briefly describes the contract types and periods when transacting real property in Japan. The Contract Types in Japan sheet can be downloaded here or from our research page on our website at http://www.bearlogi.jp/en/research.asp that also contains other research papers on Japan industrial real estate.

+ Amazon Japan to open 2 new logistics properties - (17/01/2011)

Amazon Japan Logistics (ALJ) which provides logistics services for orders placed at Amazon.co.jp will open 2 new Japan logistics real estate fulfillment centers “Amazon Tokoname FC” in Tokoname city, Aichi prefecture and ”Amazon Iwanuma FC” and Iwanuma city in Iwate prefecture by around 2011. This new real estate infrastructure will help Amazon.co.jp expand logistics scale and provide speedy delivery service.

By opening the first logistics fulfillment centers in Chubu and Tohoku regions, it not only strengthens “In Stock” product lineup at Amazon.co.jp, but also makes will make more speedy delivery to orders from customers mainly in Chubu and Tohoku regions. Moreover, by opening these fulfillment centers, “Fulfillment service by Amazon”, a service which Amazon Logistics Japan performs on behalf of sellers including inventory storage, order processing, shipment and customer service will be expanded.

“Amazon Tokoname FC” and “Amazon Iwanuma FC” will join the existing Japan logistics centers “Amazon Ichikawa FC (Total floor area 62,300m2)”, “Amazon Yachiyo FC (34,145m2)”, “Amazon Sakai FC (67,923 m2)”, “Amazon Kawagoe FC (38,927m2)” and “Amazon Daitoh FC (25,209m2)”.

Source: Amazon.co.jp

+ Toll group sells minority stake in Chinese logistics business. - (12/01/2011)

Toll Group has sold 16.6% stake in Shenzhen Chiwan Petroleum Supply Base, a Chinese logistics businesses.

Toll said it sold its share because the China Petroleum Logistics business had been moving away from developing oil and gas supply base operations into industrial real estate property development. 

Managing Director Mr Paul Little said the transaction will generate cash proceeds of around A$50 million (US$50m) which will strengthen the group’s balance sheet while having an immaterial impact on current year profit result.

At the same time Toll has purchased McLaughlin Freightlines (MFL), a specialist transport provider to the Australian poultry industry for A$25 million. The acquisition of this logistics business in Australia would provide rapid growth opportunities for the Toll Group.

Source: Toll (edited by Bear Logi)

+ IIF Acquire Property in Yokohama, Kanagawa Prefecture - (06/01/2011)

On 20 Dec. 2010, Industrial & Infrastructure Fund Investment Corporation (“IIF”) announced the planned acquisition of IIF Yokohama Tsuzuki Technology Center in Yokohama, Kanagawa prefecture as outlined below.

1. Summary of Acquisition

1) Type of asset (scheduled to acquire) : Real estate

2) Asset name : IIF Yokohama Tsuzuki Technology Center

3) Acquisition price : 1,100 million yen

4) Appraisal value : 1,240 million yen (as of December 1, 2010)

5) Completion date of contract : December 21, 2010 (scheduled)

6) Acquisition date (scheduled) : December 21, 2010 (scheduled)

7) Seller Nippon Tochi-Tatemono Co.,Ltd.

8) Acquisition funds : Internal cash

9) Payment : Full payment at time of transfer


2. Reasons for Acquisition

IIF decided to acquire the IIF Yokohama Tsuzuki Technology Center (hereinafter referred to as the “Property”), judging that its features will meet IIF’s investment strategy (the acquisition of prime assets to contribute higher distributions). The Property is the second transaction relating to a research and development facility, following the IIF Totsuka Technology Center (land with leasehold interest).

In deciding to acquire the Property, IIF viewed the following three points as particularly appealing: its profitability, continuity and versatility.

1) Profitability

The Property has a yield of NOI of about 7.3% and yield after  amortization which contributes distributions of about 6.6%. It will contribute a better yield for IIF  than those after amortization, calculated on the portfolio IIF is currently holding, and will contribute to an increase in distributions accordingly.

In addition, its rent will be increased by 2% every  three years until September 30, 2020, so a further increase in distributions can be expected. (Please refer to “Section 3. Summary of Property to be acquired” as described below for details of the lease contract.)

2) Continuity

A fixed-term lease contract of building on a long-term basis has been concluded for the Property (until September 30, 2030 with about 20 years remaining on the lease). It has been concluded with TÜV Rheinland Japan Ltd., the Japanese arm of the TÜV Rheinland Group whose head office is located in Germany and the largest corporation in the certification business industry. IIF can therefore expect that company to stably and continuously utilize the Property on a long-term basis.

The certification business relating to products, services, and such like is its main business activity. It supports international distribution, which is globally expanding day by day, by certifying the assurance of products and manufacturing processes requested from its clients such as manufacturers. It is an ongoing business, indispensable for the trade development of our country. (Please refer to the Attachment for details of the tenant, structure of the  certification business  and importance of the Property for the tenant.)

3) Versatility

The Property had been used as a laboratory by a foreign manufacturer since  its establishment. TÜV Rheinland Japan Ltd. highly evaluated the property in terms of its specifications and location. Therefore, after the relevant manufacturer pulled out, it inherited the testing facility and other parts almost as they were and has been using them up to the present. The Property, accordingly, is highly versatile as a laboratory.

In addition, as the Property is located in a mixed area where there are apartment buildings, detached houses, shops such as car dealers, a data center and so on, the land in its own right is highly versatile as well.

 

3. Summary of Property

Property name : IIF Yokohama Tsuzuki Technology Center

Location : 4-25-2, Kitayamada, Tsuzuki-ku, Yokohama-shi, Kanagawa

Zoning : Semi residential area (a part of zoning: 2 middle-and-high-rise exclusively residential area)

Area : Land 3,478.69 m2

Building 4,655.48 m2

Structure / stories : Five story flat-roofed and steel-framed construction

Type of building : Research institute

Construction date February 1996

Acquisition price : 1,100 million yen

Name of tenant : TÜV Rheinland Japan Ltd.

 

4. Schedule of acquisition

Execution date of contract for acquisition : December 21, 2010 (scheduled)

Payment date : December 21, 2010 (scheduled)

Date for transfer of property : December 21, 2010 (scheduled)

 

Source : IIF (edited by Bear Logi)

News Archive
 
By Date
• 2012
[Nov] [Oct] [Sep] [Aug] [Jun] [May] [Apr] [Mar] [Feb] [Jan]
• 2011
[Dec] [Nov] [Oct] [Sep] [Aug] [Jul] [Jun] [May] [Apr] [Mar] [Feb] [Jan]
• 2010
[Dec] [Nov] [Oct] [Sep] [Aug] [Jul] [Jun] [May] [Apr] [Mar] [Feb] [Jan]
• 2009
[Dec] [Oct]
 
By Category
• Data Center
[2012] [2011] [2010]
• Events
[2012] [2011] [2010]
• Japan Real Estate
[2012] [2011] [2010] [2009]
• Korea Real Estate
[2011] [2010]
• Logistics Property
[2012] [2011] [2010]