Transactions
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2023-02-06
AXA IM Alts acquires another Japan portfolio
The French insurance company extends its residential footprint in the APAC region with the acquisition of a 33-asset portfolio in Tokyo, Greater Osaka, and Nagoya for about €420 million (¥59 billion). The seller was an institutional investor advised by J.P. Morgan Global Alternatives Real Estate Asia-Pacific. The portfolio is made up of high-quality, modern residential buildings, comprising predominantly one-bed apartments, with fourteen of the assets having been awarded a DBJ Green Building Certification.
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2022-10-27
Singapore investor buys residential assets for $100 million
TE Capital acquired two portfolios with 16 new Tokyo multifamily residential assets. The more than 400 units with 11,600 square meters are in good locations of Tokyo’s 23 wards with an average of 6 minutes walking distance to the nearest train station. Construction is set to be completed in 2024. According to the adviser Colliers, the deal was worth $100 million.
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2022-10-06
M&G acquires office tower in €700 million deal
UK-based asset manager M&G Real Estate has acquired the Minato Mirai Center Building, a Grade A office tower in Yokohama, in a deal valued at more than JPY 100 billion (Euro 700 million). The 21-storey office block was purchased on behalf of the M&G Asia Property Fund.
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2022-09-15
Japanese government sells large Tokyo office tower
A Japanese consortium led by the real estate developer Hulic has won the auction to acquire the government’s share of the Otemachi Place office tower in Tokyo. The seller was the Ministry of Finance. The reported price of 400 billion yen (2.9 billion euros) makes this sale the largest single real estate transaction in Japan.
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2022-09-07
AXA invests big in Japanese residential real estate
AXA IM Alts has acquired two residential portfolios totalling €423 million (JPY 58 billion) in value. The real estate fund management division of AXA Investment Managers picked up 29 multi-family residential properties and four student accommodation assets in two separate transactions.
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2022-07-01
J-REIT Advance Residence acquires Fukuoka building
Advance Residence Investment Corporation has purchased a multi-family rental accommodation in Fukuoka for JPY 845 million. The 15-year-old Residia Hakata Higashi consists of small 1LDK apartments with a size of 35-36 square meters and has good access to Hakata main station.
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2022-06-08
QIP from Singapore launches residential portfolio
Singapore-based private equity firm Q Investment Partners has launched a Japan-focused residential real estate fund. The first properties are two rental apartment buildings in Nagoya and another in Osaka with a total of 207 units at a combined value of USD 40 million.
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2022-06-01
Purchase of residential assets on behalf of Qatar State Fund
The Hong Kong private equity company Gaw Capital Partners has acquired a portfolio of multi-family assets in Japan on behalf of the Qatar Investment Authority. The majority of the apartment buildings with overall 68,432 square meters are located in Tokyo.
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2022-05-31
Blackstone partner expands residential portfolio
Blackstone joined forces with independent asset manager Alyssa Partners to purchase a portfolio of 19 multi-family assets across Tokyo, Osaka, Nagoya, and Fukuoka with an estimated value of over 20 billion yen (146 million euros). The properties have an average age below six years and comprise 1,075 apartment units spanning a gross area of 32,600 square meters.
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2022-05-25
French AXA IM Alts adds residential assets
Asset manager AXA IM Alts has bought two residential assets in Tokyo for 51 million euros, comprising 158 studio, one- and two-bed rental apartments. The French asset manager has now made altogether 15 acquisitions in Japan since the past year.