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 Multi-Family 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 multi-family 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>>
ARA Ups Stake in Japan’s Kenedix to 30% After $1.3B Buyout
Singapore-based ARA Asset Management announced Friday that it had increased its equity stake in Japanese fund manager Kenedix to 30 percent, up from 20.27 percent previously.
ARA had earlier supported the privatisation and buyout of Kenedix by Sumitomo Mitsui Finance… Read More>>