Real Estate Japan News Summary for the Week of April 9th, 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:
Kennedy Wilson and Partners Close $80M Japanese Multifamily Financing at 1.61% Interest Rate, Fixed for Five Years (via Market Watch)
International real estate investment and services firm Kennedy Wilson today announced that KW Residential, LLC, the company’s unconsolidated Japanese venture, refinanced part of its multifamily portfolio in the amount of $80 million at a 1.61% interest rate, fixed for five years. Mitsubishi UFJ provided the financing. Click here to continue reading.
Toyota’s Lost AAA Gives Japan Bonds Rare Value: Mortgages (via Bloomberg)
Credit ratings on Japanese mortgage bonds have surpassed Toyota Motor Corp. (7203), the country’s highest- ranked company by Standard & Poor’s, boosting their appeal for investors and driving spreads to the narrowest on record. Click here to continue reading.
Lawson in Talks to Buy at Least Three China Store Chains (via Bloomberg)
Lawson Inc. (2651), Japan’s second-largest convenience-store chain, is in talks to buy at least three operators in China in its first overseas acquisition as the company looks to faster growing markets to increase sales. Click here to continue reading.
Japan policy seen as key for stock gains (via Market Watch)
Japanese stocks rocketed to some of the strongest gains in recent memory over the first three months of this year, but a further advance for the market will likely depend in large part on where government policy goes. Click here to continue reading.
Japanese office tower built with a road going through it (via Mother Nature Network)
You have to hand it to the real estate developers behind the Gate Tower Building in Fukushima-ku, Osaka, Japan (seen above) for making the most of limited space and building their office building over and around a highway running between the fifth and seventh floors. Click here to continue reading.
Hotel Okura JR Huis Ten Bosch Joins Okura Hotels & Resorts (via Business Wire)
Hotel Okura JR Huis Ten Bosch, located in Sasebo City, Nagasaki, Japan, became the newest addition to international luxury hotel group Okura Hotels & Resorts on April 1st. Click here to continue reading.
I Heart My City: Sylvia’s Tokyo (via National Geographic)
Sylvia Huang grew up in the beautiful garden city of Singapore, but the explorer in her brought her to glittery Tokyo, where she has spent the last 7 years studying Japanese and working in investment management. Check out Sylvia’s picks before visiting the city that never sleeps!
Take a look around the world’s most expensive apartment (via The Telegraph)
Here it is. A one bedroom apartment in Tokyo Japan that has a price tag of $US21.8 million ($21.1 million). Click here to take a look!
Photo credit: MASA via Wikimedia Commons