The value of prime Tokyo real estate leads today’s review of headlines from around Asia, as Japan’s Sapporo Holdings is said to have abandoned talks with PAG and KKR in favour of potentially more lucrative discussions with Lone Star and… Read More>>
ESR Sells Remaining Stake in Japan’s Kenedix to SMFL Mirai Partners
Asian industrial giant ESR has sold its remaining 30 percent stake in Kenedix to SMFL Mirai Partners, giving the unit of Sumitomo Mitsui Finance and Leasing full control of the Japanese real estate fund manager.
No financial details were disclosed,… Read More>>
Kenedix REIT Selling Greater Osaka Mall for $41M
KDX Realty Investment Corporation, the flagship REIT of Japanese fund manager Kenedix, has agreed to sell a Greater Osaka mall for JPY 6 billion ($41.3 million).
Combox Komyoike, located 25 kilometres (15.5 miles) south of central Osaka in the city… Read More>>
Kenedix, Hulic Team With Kennedy Wilson to Buy Seattle Apartment Block for $173M
Fund manager Kenedix has partnered with fellow Japanese property player Hulic and US investment firm Kennedy Wilson to acquire a Seattle multi-family property for $173 million.
The 265-unit apartment complex, known as The Danforth, is in the densely populated First… Read More>>
Hong Kong’s AB Capital Teams Up with Kenedix to Buy Japanese Resort
Fund manager AB Capital has expanded its portfolio of Japanese hospitality properties, teaming up with a local player to acquire a hot spring resort near Nagano for an undisclosed sum.
Hong Kong-based AB partnered with Kenedix, an asset management unit… Read More>>
Asia Real Estate People in the News 2025-03-31
A new generation of leadership has taken over at a Hong Kong developer, with that story leading this week’s review of personnel moves from around the region. Also making the list is a promotion at a Japanese investment manager and… Read More>>
Singapore’s 3D Offers $160M to Boost J-REIT Stake and More Asia Real Estate Headlines
One of Singapore’s busiest activist investors seeks to boost its stake in a Japanese REIT, with that tender offer leading today’s headline roundup. Also making news, Tokyo-listed Kenedix REIT announces fresh acquisitions and China promotes a Hong Kong airport mega-project.
Kenedix REIT Buying Central Japan Shed for $81M, Unloading Assets in Trade With Sponsor
The flagship REIT of Japanese fund manager Kenedix is acquiring a warehouse in the southern fringe of Honshu island’s Chubu region for JPY 12.4 billion ($81 million) and divesting 13 properties for JPY 18.7 billion as part of a “mutual… Read More>>
TPG AG JV Buying Grand Nikko Tokyo Daiba for $692M in APAC’s Biggest Hotel Buy of 2024
Shortly after raising $2.5 billion to invest in Asian real estate, TPG Angelo Gordon is leading the region’s biggest hospitality investment so far this year with the JPY 106 billion ($691 million) purchase of a Tokyo hotel, according to market… Read More>>
Manulife-Kenedix JV Buys 9 Japan Multi-Family Assets for $160M
A joint venture of Canada’s Manulife Investment Management and Tokyo-based Kenedix has acquired a nine-asset multi-family portfolio in Japan for JPY 23 billion ($160 million).
Located in the Greater Tokyo and Osaka areas, the properties have an average age of… Read More>>