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Insights and analysis on the Japan market.

Gaw Capital acquiring Blackstone logistics portfolio

Oct 31, 2022

Gaw Capital is reported to be on the cusp of acquiring a US$540m logistics portfolio from Blackstone in Japan. The portfolio comprises seven assets located in the Greater Tokyo area. The portfolio is fully stabilised and it's likely that the equity for the acquisition is coming from Gaw Capital's core fund or a core separate account.

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Zekkei announces Hoshinoya in Niseko

Oct 12, 2022

Zekkei Properties has announced it is bringing Hoshinoya to Niseko, Japan's premier ski destination. Hoshino Resorts will manage Zekkei’s new 62 unit ski-in, ski-out luxury property, which occupies the highest site in Hirafu, under the Hoshinoya brand.

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Hyatt & Kiraku JV on hot spring resorts

Sep 22, 2022

Hyatt Hotels has just announced a 50-50 joint venture with Kou Sundberg and the team at Kiraku to roll out a new brand for hot spring resorts in Japan. The brand will be called Atona and the first resort is scheduled to open in 2025.

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PAG's theme park investment

Aug 22, 2022

PAG has been named as the likely purchaser of the Huis Ten Bosch theme park in southern Japan in a deal valued at USD730m. The property is majority owned by Japanese travel company HIS which has been under financial pressure for some time.

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Has e-commerce demand peaked?

Aug 11, 2022

Has e-commerce demand in Japan peaked? Is the longer-term outlook for the logistics sector as rosy as the near-term outlook? This FT article is worth a read for those invested in, or looking to invest in, the logistics sector in Japan. And is bricks-and-mortar retail likely to make a comeback over the coming years? At Nikota, we think well-located, non-discretionary retail assets are certainly worth keeping an eye on. After being forgotten by almost all global investors for several years due to pressures in their home markets, these retail assets in Japan are starting to look attractive on a risk-adjusted basis.

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