Asia real estate and outbound investment news
A joint venture between warehouse developer and fund manager ESR and AXA Investment Managers has acquired a logistics facility near Tokyo for approximately JPY 39 billion ($368 million), just seven months after Amazon leased nearly half of the property.
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ESR has landed Amazon as an anchor tenant for one of its Tokyo area logistics facilities, as the Warburg Pincus-backed specialist continues to capitalise on the demand for logistics space fuelled by the growth of e-commerce in Japan.
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