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By Adam German
March 7th, 2012
Editor’s Note: Real Estate Japan K.K. does not endorse the views expressed in any of the articles and the opinions expressed are solely those of the authors and publications included below. The links below are purely for informational purposes only.
This is a weekly news summary taken from Real Estate Japan’s Twitter feed. If you’d like to see these articles as they go online throughout the week, follow us on Twitter at “Real Estate Nihon”.
Let’s get started:
Parkway Trust Management Limited, as the manager of Parkway Life Real Estate Investment Trust (“PLife REIT”, and as manager of PLife REIT, the “Manager”), is pleased to announce that it will be making further acquisitions in Japan and Malaysia to expand its portfolio. Japan acquisition to fortify nursing home portfolio. Click here to continue reading.
Japan’s economic rebound from the deepest contraction among advanced nations after Greece and Portugal may be stunted this year as power shortages threaten its western region. The Kansai area, which accounts for about a fifth of Japan’s economy and escaped the worst of electricity cutbacks after the March 11 earthquake and tsunami, last week lost its final operating nuclear plant. Power supply may be up to 25 percent less than peak summer demand if plants are not restarted, according to Kansai Electric Power Co. Click here to continue reading.
Just when you thought there was no more commercial land left on which to build in Downtown Tokyo, here comes Japan Prime Realty Investment Corp. with an announcement of a planned 47 story, 2.13 million square-foot office complex on a little more than 2.5 acres. Click here to continue reading.
Shigeo Osugi walks around concrete foundations where his coastal town restaurant “Migoto” stood before a towering tsunami washed it away last year. “I will stay in Yamada because I have friends here and they supported me for a long time,” he says, pointing to the area that was once the kitchen where he and his two sons prepared meals for up to 100 customers. Click here to continue reading.
Sydney-based Goodman has gained about $45 million in refinancing for its Macquarie Goodman Japan Logistics Fund, made up of 14 industrial properties in the country. Five Japanese banks provided the five-year finance facility. Click here to continue reading.
New Taipei City Mayor Eric Liluan Chu has invited Japanese investors to participate in the development of a 6.7-hectare outlet in the Linkou District of the city. “It takes only 15 minutes to get from Linkou to either downtown Taipei City or the Taoyuan Taiwan International airport,” Chu said March 2 during a business meeting in Tokyo. “This means that Japanese firms located in the district stand a good chance of making a profit from Taiwanese consumers.” Click here to continue reading.
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