R.I.C. Management Corporation an industrial real estate firm announced that it concluded a leasing
contract with a 3PL company for Yokohama
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.
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.
$16 billion in assets and wants investments in Asia
to account for 20 percent of its portfolio, almost triple the current
For the new
funds, Grosvenor is targeting investors in China
in addition to global institutional investors. The China fund may invest in industrial
and commercial properties.
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.
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.
from article originally appearing in Bloomberg
ULI Japan's Young Leaders Group invites you to the YLG
MIXX Bar &
Hotel 36F, 1-12-33 Akasaka, Minato-ku, Tokyo)
Free entrance and
cash bar. First 50 guests to arrive will be
offered 1 Free Drink Ticket!
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
Prospect Shin-Ei Real Estate
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
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.
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:
1. Publication and distribution of
17 January 2011
2. Acceptance of questions on application
From 17 to 31
3. Publication of answers to questions
4. Acceptance of application
From 14 to 18
5. Determination of scheduled businesses
6. Conclusion of business facility establishment
(within 14 days after determination of scheduled businesses)
7. Conclusion of land sales contract
(payment of deposit for contract)
(within 60 days after conclusion of business facility establishment agreement)
8. Delivery of land (payment for land)
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
3.1 Road: About 6km far from Maibara IC of Hokuriku Expressway
6km far from Hikone IC Meishin Expressway
3.2 Railway: About 2km far from JR Maibara station
- 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
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.
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)”.
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)
On 20 Dec. 2010, Industrial & Infrastructure Fund
Investment Corporation (“IIF”) announced the planned acquisition of IIF Yokohama
Center in Yokohama, Kanagawa prefecture as outlined
1. Summary of Acquisition
1) Type of asset (scheduled to acquire) : Real estate
2) Asset name : IIF
3) Acquisition price : 1,100 million yen
4) Appraisal value : 1,240 million yen (as of December 1,
5) Completion date of contract : December 21, 2010
6) Acquisition date (scheduled) : December 21, 2010
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
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
Center (land with
In deciding to acquire the Property, IIF viewed the
following three points as particularly appealing: its profitability, continuity
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
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
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.)
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
3. Summary of Property
Property name : IIF
Location : 4-25-2, Kitayamada, Tsuzuki-ku, Yokohama-shi,
Zoning : Semi residential area (a part of zoning: 2
middle-and-high-rise exclusively residential area)
Area : Land 3,478.69 m2
Structure / stories : Five story flat-roofed and
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,
Payment date : December 21, 2010 (scheduled)
Date for transfer of property : December 21, 2010
Source : IIF (edited by Bear