Real Estate Japan News Summary for the Week of September 26th, 2011
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:
Mitsui Fudosan May Make Warehouse Investment Debut Through Fund (via Business Week)
Mitsui Fudosan Co., Japan’s biggest developer by sales, said it may start investing in storage and distribution centers in the country for the first time amid rising demand and stable return of logistics facilities. Click here to continue reading.
China’s Lessons From Mexico and Japan (via The Wall Street Journal)
Is China the next Japan, or the next Mexico? Its real-estate bubble and bad loans at banks make it similar to Japan, but its failure to focus on education invites comparisons with Mexico and is a more serious threat. Click here to continue reading.
Mitsui Fudosan, Mitsubishi Estate to Beat J-REITs, UBS Says (via Bloomberg Businessweek)
Mitsui Fudosan Co., Mitsubishi Estate Co. and other large Japanese developers have more attractive valuations and will likely outperform real estate investment trusts, the nation’s top-rated property analyst said. Click here to continue reading.
Ritz-Carlton signs new agreements to double Japan presence (via Breaking Travel News)
Ritz-Carlton Hotel Company chief executive, Chevy Chase, has signed two new hotel agreements in Japan which will double the luxury lifestyle brand’s presence in the country. Click here to continue reading.
China’s Biggest Bubble Warning Ever (via Taipan Publishing Group)
When the Japan bubble peaked in the late 1980s, there were major warning signs. The same is happening in China too. Taipan Daily editor Justice Litle examines the giant China bubble waiting to burst. Click here to continue reading.
Japan Warehouses Draw Investors Seeking Returns After Quake (via Bloomberg Businessweek)
Japan’s distribution centers are rebounding from record-high vacancies two years ago amid demand for modern storage after the March 11 earthquake and tsunami destroyed industrial spaces, drawing investors looking for returns amid a slump in the office market. Investment in logistics may surge to more than 2 trillion yen ($26 billion) this year from almost zero in 2002, according to CB Richard Ellis Group Inc. Click here to continue reading.
World Bank: EU, US, Japan must stop “muddling through” (via Monsters and Critics)
World Bank chief Robert Zoellick scolded the world’s leading developed countries Wednesday for failing to tackle their economic problems and putting the global economic recovery at risk. He said that Europe, Japan and the United States have all ‘procrastinated for too long on taking the difficult decisions, narrowing what choices are now. Click here to continue reading.
Singapore firm plans logistic IPO listing as REIT in Japan (via The Manila Bulletin)
A planned $1.3 billion IPO by Singapore’s Global Logistic Properties of its Japanese real estate assets may appeal to investors as the logistics property sector has gained prominence after the disruptions caused by the March earthquake, analysts said. Click here to continue reading.
Tepco plans to sell 280 properties to raise ¥200 billion (via The Japan Times)
Tokyo Electric Power Co. is planning to sell 280 properties to raise ¥200 billion in cash for use in compensating people affected by the Fukushima No. 1 nuclear plant crisis, sources close to the matter said Friday. Click here to continue reading.
Fukushima Evacuees to Return to Exclusion Zone to Check Property (via Bloomberg Businessweek)
About 20,000 families from the exclusion zone around Japan’s wrecked Fukushima nuclear plant will be allowed to return to their homes from Sept. 19 to collect belongings and check their properties. Click here to continue reading.
2 Leases in a Row by Industrial Real Estate Firm (via Property Magazine)
Industrial real estate firm Prologis, Inc. (NYSE: PLD) has signed two leases totaling 410,200 square feet (38,100-square-meters) in Prologis Park Kawajima, a multi-story speculative development near Tokyo. Click here to continue reading.
Japan’s Fancied ‘Double-Decker’ Funds Face Speed Bumps (via CNBC)
Japan’s hottest-selling mutual funds could see a slowdown in their explosive growth due to increased regulatory scrutiny at home and an uncertain outlook for the currency of a nation half a globe away. Click here to continue reading.
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