AXA IM Alts announced on Tuesday that it has acquired a pair of rental residential properties in Tokyo for JPY 6.9 billion ($54 million), unveiling its first multifamily asset purchase this year in Japan’s increasingly competitive build-to-rent sector after a… Read More>>
Gaw Capital Partners Adds Tokyo Asset to Asia Data Centre Platform
Hong Kong’s Gaw Capital Partners has expanded its Asia data centre holdings with the acquisition of a Greater Tokyo property that will form part of a nearly 40MW IT campus, the firm said in an announcement on Wednesday.
The fund… Read More>>
Allianz to Buy 12 Tokyo Assets for $90M via Ivanhoe Cambridge-Backed Japan Strategy
Allianz Real Estate has agreed to purchase a portfolio of residential assets in Tokyo for $90 million, marking the first acquisition on behalf of its recently upsized Japan multifamily fund.
The portfolio consists of 12 newly built assets comprising more… Read More>>
Manulife and Kenedix Launch $170M Japan Multifamily JV With 9 Seed Assets
Canada’s Manulife Investment Management and Tokyo-based Kenedix have agreed to form a JPY 19.8 billion ($170 million) joint venture to acquire multifamily assets in Japan’s major cities.
The JV will be seeded with a portfolio of nine properties, including four… Read More>>
Invesco Completes $3B Privatisation of Invesco Office J-REIT With Gaw Capital
Hong Kong-based fund manager Gaw Capital Partners on Friday announced that, together with US investment management firm Invesco, it has completed the $3 billion privatisation of Invesco Office J-REIT.
The deal, which was led by Invesco Asia Fund IV, represents… Read More>>
AEW Picks Up Set of Four Greater Tokyo Multi-Family Buildings
AEW Capital Management has acquired a portfolio of four newly completed residential buildings with a combined 177 units in Greater Tokyo, signalling conviction in multi-family as one of the firm’s key investment themes in Asia.
The assets are located in… Read More>>
Digital Edge Doubles Japan Capacity With Purchase of 5 Data Centres for $230M
Singapore-based Digital Edge has acquired five data centres in Japan for $230 million, nearly doubling the firm’s total capacity in the country to 38 megawatts.
With the transaction, the startup backed by Manhattan-based private equity shop Stonepeak added a further… Read More>>
Hines Acquires First Japan Property Under Asia Core-Plus Fund
US developer Hines has made its first-ever acquisition in Japan on behalf of its flagship pan-Asian fund, picking up a Yokohama office tower for an undisclosed amount.
The 1993-vintage New Stage Yokohama has a gross floor area of 50,304 square… Read More>>
Dentsu Group Set to Sell Tokyo HQ for Up to $3B in Record Office Deal
Advertising giant Dentsu Group has moved a step closer to notching Japan’s largest-ever sale of a single building as the company proceeds with a plan to sell its Tokyo headquarters for as much as $3 billion, Mingtiandi has learned.
The… Read More>>
AXA IM Spends $38.6M to Add to Japanese Multi-Family Portfolio
French financial services giant AXA is moving farther afield in search of yield in Japan’s rental residential sector, with the company announcing this week that it has acquired a pair of apartment towers in the city of Sendai.
AXA IM… Read More>>