Mingtiandi

Asia real estate and outbound investment news

  • Facebook
  • LinkedIn
  • RSS
  • Twitter
Sign Up / Login Logout

Lost your password?
Register
Forgotten Password
Cancel

Register For This Site

A password will be e-mailed to you.

  • Capital Markets
  • Events
    • Mingtiandi 2023 Event Calendar
    • Mingtiandi APAC Residential Forum 2023
    • Mingtiandi Asia Logistics Forum 2023
    • Mingtiandi Hong Kong Focus Forum 2023
    • Mingtiandi APAC Data Centre Forum 2023
    • Mingtiandi Asia Office Strategies Forum 2023
    • Mingtiandi Singapore Focus Forum 2023
    • More Events
  • MTD TV
  • People
  • Logistics
  • Data Centres
  • Asia Outbound
  • Retail
  • Research & Policy
  • Advertise

Patrizia Establishes Japan Foothold with Buyout of Tokyo’s Kenzo Capital

2019/01/10 by Michael Cole Leave a Comment

wolfgang-egger patrizia

Patrizia’s Wolfgang Egger is expanding into Japan

Germany’s Patrizia Immobilien has acquired Kenzo Capital Corporation, a Tokyo-based real estate advisory and asset management firm, giving the European real estate investment manager its first foothold in Japan.

Augsburg-based Patrizia unveiled the move in an announcement this week noting that the acquisition of Kenzo, which had already partnered with the German firm for investments in Japan, allowed it to continue its expansion into Asia.

“The acquisition of Kenzo is a continuation of the cooperation we have with them and is an opportunity for us to further grow our global network,” Wolfgang Egger, Chief Executive Officer of Patrizia said in a statement. “This acquisition offers ‘two-way’ benefits for many of our clients as well as new ones. Crucially, it secures a platform that will allow us to continue our drive to help deploy Asian capital in the European markets we have been actively investing in for almost four decades.”

The deal includes Patrizia taking over the fund management and placement activities of Kenzo Capital’s Munich-based affiliate, Kenzo Japan Real Estate GmbH, according to the statement.

Building on an Existing Relationship

Kenzo Capital’s nine-person team, with Kenzo Japan Real Estate GmbH acting as fund manager, launched the Kenzo Japan Residential Fund in 2017 with an initial 30 million euro ($34.6 million) investment in a set of four Tokyo apartment buildings.

The fund targets multi-family properties primarily in the Tokyo and Osaka metropolitan areas, as well as Nagoya and Fukuoka and, in statements published in 2017 indicated that it was targetting equity investments of 250 to 300 million euros for a total investment volume of 480 to 550 million euros.

Buying a Decade-Old Platform

Kenzo Capital was founded in 2008 by Hypo Real Estate veteran Dr Leonard Meyer zu Brickwedde as a platform for managing foreign investments in Japanese real estate, with a particular focus on European institutions.

Kenzo launched its 2017 fund in cooperation with Patrizia, which indicated in its statement that it had raised approximately 3 billion euros from Asian investors “over the past few years.” Patrizia now has 24 offices globally, including client relationship hubs in Japan, Hong Kong, South Korea, Australia, and the US, as well as across Europe.

Share this now

  • LinkedIn
  • Share
  • Tweet
  • Email

Filed Under: Finance Tagged With: daily-sp, Featured, Japan, Kenzo Capital, Patrizia, Tokyo

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Mingtiandi Delivered

MTD TV

mtd tv sustainable data centres
Efficiency, Design and Green Power Key to Data Centre Sustainability: MTD TV
China Rental Housing Sector Here to Stay Says Warburg Pincus Executive

More MTD TV Videos>>

People in the News

Kevin Bong AIMCo
Canadian Pension Manager AIMCo Sets Up in Singapore with Hire of GIC Exec
Jae Choi joins ICG from ESR
European Investment Giant ICG Expands APAC Team with Hire of ARA Veteran Jae Choi
Gerald Yong CDL
Asia Real Estate People in the News 2023-06-05
Li Congrui (Getty Images)
China Jinmao Chairman Resigns After One Month on the Job

More Industry Professionals>>

People in the News

Canadian Pension Manager AIMCo Sets Up in Singapore with Hire of GIC Exec

Kevin Bong AIMCo

Canadian pension fund manager Alberta Investment Management Corp (AIMCo) has hired former GIC veteran Kevin Bong to … Read More>>

European Investment Giant ICG Expands APAC Team with Hire of ARA Veteran Jae Choi

Jae Choi joins ICG from ESR

Just one year after setting up operation in Asia Pacific, London-based fund manager ICG is adding to its senior … Read More>>

Asia Real Estate People in the News 2023-06-05

Gerald Yong CDL

Singapore’s largest non-state-backed developer leads this week’s set of staffing changes from around Asia’s real estate … Read More>>

China Jinmao Chairman Resigns After One Month on the Job

Li Congrui (Getty Images)

The recently appointed chairman of China Jinmao Holdings has walked out the door after just 33 days in the role, to be … Read More>>

More Industry Professionals>>

Latest Stories

Chindata CEO Huapeng Wu
Bain Bids to Take Chindata Private at 33% Premium
George Hongchoy, Executive Director & Chief Executive Officer, Link REIT
Link REIT CEO George Hongchoy to Speak at Mingtiandi Forum in Hong Kong
Wang Jianlin of Dalian Wanda Group
Mainland Regulators Query Wanda Group Over Hong Kong IPO Application

Sponsored Features

Could Real Estate Ecosystems Be Your New Edge?
Data centers: Empowering a Data-Driven World
Singapore skyline
Asia Pacific Capital Markets: 2023 Insights and Priorities

More Sponsored Features>>

Connect with Mingtiandi

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Real Estate News

  • Capital Markets
  • 2022 Event Calendar
  • MTD TV Archives
  • People
  • Logistics
  • Data Centres
  • Asia Outbound
  • Retail

More Mingtiandi

  • About Mingtiandi
  • Contact Mingtiandi
  • Mingtiandi Membership
  • Newsletter Subscription
  • Advertise
  • Terms of Use
  • Privacy
  • Join the Mingtiandi Team


© 2007-2023 China Advertising Media Ltd (Samoa). All rights reserved.

  • This field is for validation purposes and should be left unchanged.