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Insights and analysis on the Japan market.

WeWork lays out new growth strategy

Sep 20, 2021

WeWork Japan is pivoting from directly leasing and operating coworking space to a hotel-style management-only structure to continue its growth in Japan. It currently has 38 locations across the country and the new strategy could pave the way for up to 200 locations.

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JTB sells its Tokyo headquarters

Sep 16, 2021

Pandemic-hit Japanese travel company JTB Corporation has sold its HQ building near Tokyo Bay after posting a record loss earlier this year. The company will continue to lease back the premises from the purchaser. More major sale-and-leaseback transactions in the office sector in Tokyo are expected to be announced in the coming months.

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Yokohama ends IR bid

Sep 14, 2021

After years of drama, the new mayor of Yokohama has ended all hopes of an integrated resort/casino being built there for the foreseeable future. Many had hoped the integrated resort would aid the further development of Yokohama’s economy, and create another major drawcard for visitors to the Greater Tokyo area.

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Seibu to sell hotels, ski resorts & golf courses

Jul 17, 2021

Seibu is planning to offload a large number of hotels, ski resorts and golf courses across Japan. Many of them are non-core and non-performing assets. It will be interesting to see if they sell some of their prime Tokyo and Karuizawa real estate over time. More asset sales are expected to be announced by major railroad companies over the coming months.

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