Thursday, June 30, 2005

AMB Property Corporation Forms U$2.23 Bln Fund to Invest in Japan

AMB Property Corporation Forms 247 Billion Yen (US$2.23 Billion) Fund to Invest in Japan's Key Distribution Markets - News Release

AMB Property Corporation, a leading global developer and owner of industrial real estate, today announced the formation of AMB Japan Fund I, L.P., a yen-denominated fund that will invest in distribution facilities near high volume airports, highway systems and seaports in Japan's major metropolitan areas.

Full Story here.




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Wednesday, June 22, 2005

Mitsubishi Sets Up Fund with UK Investor

Japanese real estate companies are partnering with foreign firms to invest in Japan. For foreign investors, this is a fast way to get their feet wet in the market while ensuring local expertise and a good pipeline. For example, Mitsubishi Corp. is partnering with U.K.-based real estate developer Grosvenor Group Holdings Ltd.

Full Story - Nikkei



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Monday, June 13, 2005

Japan's property market changing

Japan's property market is "currently undergoing extensive restructuring", reports the Taipei Times.

As a dramatic deterioration in real estate prices that lasted for 14 years has now stopped, land prices in the country's six largest cities have started to rise once again.
Against the backdrop of recovery in the world's second largest economy, Japan's real estate market is becoming more attractive to foreign investors as a result.

The story gives some interesting facts:

  1. The sheer size of the portfolio indicates the importance of the Japanese market. Greater Tokyo generates as much GDP as the whole of Germany.
  2. Each square kilometer of Tokyo generates US$53 million dollars of annual GDP, 10 times what Germany generates per square kilometer.
  3. The three main business districts of Minato, Chiyoda and Chuo alone accommodate 40 million m2 of office floor space, which is more than in New York and about twice as much as London.
  4. Annual rents collected in these three Tokyo districts amounted to US$47 billion dollars, which was more than in Manhattan and London combined.

Full Story - Taipei Times




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Wednesday, June 01, 2005

Welcome

Hi, I'm Ari Tamat, and welcome to the Japan Real Estate Blog.

I work at a real estate investment fund in Tokyo. This site kind of fell together as I was trying to figure out a way to organize all my research materials and article clippings in one place on the net. Over time, it developed into an blog writing about the trends in the real estate business here.

If you're in the same line of business (or even not) please feel free to drop me a line. My email address is shown on my profile at the top right of this page.

Thanks for reading!





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