Success All-Round for Thriving Osaka Real Estate
Osaka is fast emerging as an attractive real estate investment destination, supported by spillover demand from Tokyo and tourism. Last year, commercial real estate investment in Greater Osaka climbed 35 percent from 2016 to 651 billion yen (US$6 billion) the highest since 2007. Recent deals included PGIM real estate’s purchase of the Toyobo HQ Building for reportedly 20 billion yen and Japan Retail Fund’s acquisition of the Shinsaibashi GROVE for 15 billion yen. Capital values increased 20 percent year-on-year in the last quarter, according to data from JLL.
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Posted on : 06.03.2019
Author : Nippon Tradings International (NTI)