Asia real estate and outbound investment news
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… Read More>>
With tourism in Japan booming and the 2020 Olympic Games on the horizon, investors have been taking a closer look at the country’s hotels.
Over 28.7 million travelers descended on Japan in 2017, up 19 percent from the previous year,… Read More>>
LaSalle’s latest Asia opportunity fund has acquired a hotel near Tokyo Disneyland. The real estate investment group announced the investment in the 216 room, eight-storey asset as an opportunity to profit from a Japanese tourism boom as inbound traveller numbers… Read More>>
Japanese real estate giant Mitsui Fudosan has paid 85.03 billion yen ($811 million) for an 89-year-old building in Tokyo, a price 183 percent higher than expected by the seller, according to a report in Japan Property Central.
The seller of… Read More>>
A group of investors led by Hong Kong-based Asia Pacific Land have sold the Shiba Park Building, once Japan’s most expensive en bloc asset, for a reported 150 billion yen ($1.4 billion), according to Tokyo-based brokerage Japan Property Central.
Asia… Read More>>
GIC, Singapore’s sovereign wealth fund, is acquiring a 43 percent stake in Shinjuku MAYNDS Tower, a 97,978 square metre Grade-A office property in Tokyo for 62.5 billion yen ($558 million), according to a press release from the fund yesterday.
The… Read More>>
Norway’s sovereign wealth fund is making its first foray into Asian real estate, by buying a majority stake in a set of five retail and office properties in Tokyo for 92.75 billion yen ($823 million).
Norges Bank Investment Management (NBIM),… Read More>>
Britain’s Grosvenor Group is moving into the Japanese retail sector by picking up a 10-storey shopping tower in Tokyo’s Ginza district, adding to the company’s more than HK$6.8 billion ($871 million) in real estate assets under management in Asia Pacific.
Singapore’s GIC is continuing a string of outbound mega-deals by partnering with a Japanese REIT to buy the largest hotel in the Tokyo Disney Resort area for around 100 billion yen ($909.1 million). Under the terms of the deal, the… Read More>>
Leading today’s headlines, the number crunchers at KPMG have taken a closer look at mainland investment in Australia, and discovered that Chinese like property. Meanwhile, up in Hong Kong, Baring Private Equity has lined up a banking consortium to back… Read More>>
