Ann: Preliminary Update on Property Revaluations , page-32

re: Ann: Preliminary Update on Property Reval... AJA's Osaka no3 and No4 are both located at the heart of Umeda, Osaka's CBD. Umeda and its adjacent Nakanoshima are undergoing a huge redevelopment and construction boom. It's good for the long term but is going to put huge pressure on rent prices on existing buildings in the short, medium term.

(pic) Osaka No3 and No4



I've put together some links to some newly developed estates around the area
http://blog.goo.ne.jp/so-long7/e/141c8162a08d59e8b1676a0d485bf94f
http://blog.goo.ne.jp/so-long7/e/ca10e2db94d6a16959b58a5bd18bfbda
http://blog.goo.ne.jp/so-long7/e/036e4c5e230af4b391e7d65950c543d5

and the most impressive (imo) Hankyu Umeda building
http://blog.goo.ne.jp/so-long7/e/0af6a9e7bbc3dada4b966ab28925bf12


These are just a few examples. I think there's definitely demand for more Grade A offices in Osaka.