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1.52 B Yen Tokyo land bought for industrial real estate project - (19/04/2010)

Daisyo Corporation, a Japanese wholesale and restaurant business with around 1000 outlets in Tokyo and the surrounding areas has announced the purchase of Tokyo land in Adachi-ku, for the construction of a new industrial real estate project. The site was purchased for approximately 15.5 million USD and will feature a new office and logistics center that will consolidate existing facilities thereby enhancing the efficiency of the wholesale business group.

 

Property Summary

Location: 6-2-5 Iriya, Adachi-ku, Tokyo

Site Area: 9,901.51 square meters (2,995.21 tsubo)

Building Use: Warehouse and office

Building size: approximately 4,000 square meters (tentative)

 

Source: Daisyo Co.Ltd

+ $200 million data center to be built in Tokyo, Japan - (19/04/2010)

Nomura Research Institute, Ltd. (NRI) has decided to build its new data center in Tama City, Tokyo. This will be NRI’s fifth data center in Japan and the fourth in the metropolitan area.

 

In addition to serving as a base for NRI’s expanding outsourcing business, the new data center will function as a core center for cloud services.

 

NRI will invest about 20 billion yen in constructing this new data center, which is scheduled to be completed in fiscal 2012.

 

Summary

Location: Tama City, Tokyo

Site area: 19,496.3 m2

Scheduled completion date: 2012

 

Source: Nomura Research Institute

+ $1 billion Japan real estate fund - Sumitomo Trust and AXA - (18/04/2010)

Sumitomo Trust & Banking and AXA Real Estate Investment Managers of the AXA Group signed a joint agreement in March 2010. This agreement outlining their fund targeting real estate in Japan and their individual responsibilities is based on the basic agreement exchanged by the two companies in October 2009, aiming at equity of 50 billion yen ($520 million) and an AUM of 100 billion yen ($1 billion).

 

Source: Nikkei
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