PGIM acquires six apartment buildings for Y12.5bn
PGIM Real Estate acquired a portfolio consisting of six rental apartment buildings in Tokyo and Yokohama. The buildings offer a total of 353 residential units. The price was $120 million. ≫
Ivanhoé Cambridge and PAG establish logistics JV
Ivanhoé Cambridge, which is a Canadian public pension fund management institution, and PAG of Hong Kong established Japan Logistics Venture, which is a joint investment fund targeting Japanese logistics facilities. ≫
Prologis REIT to acquire three properties for Y62.2bn
Nippon Prologis REIT will acquire three logistics facilities. The sale contract was concluded on January 20 for a total acquisition price of 62.2 billion yen [$590 million]. ≫
Nippon Life Private REIT acquires two apartment buildings
Nippon Life Private REIT acquired two rental apartments, one in Nakano-ku, Tokyo and one in Nakahara-ku, Kawasaki City. The company is a diversified private REIT operated by Chuo-ku based Nippon Life Realty Management. It owns 23 properties as of December 2020. ≫
Ad agency Dentsu weighs sale of Tokyo HQ in $3bn megadeal
Advertising agency Dentsu Group will consider selling its headquarters in central Tokyo in a deal possibly worth around 300 billion yen [$2.9 billion], which would mark one of the largest property sales ever in Japan. ≫
B-Lot sells apartment in Ginza
Real estate company B-Lot sold a rental apartment building in Ginza, Chuo-ku. The buyers were... ≫
AXA acquires rental residences in Tokyo for Y70bn
AXA Investment Managers acquired a cluster of large-scale rental residence buildings in Chuo-ku’s Okawabata district. The seller was... ≫
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WHAT'S IN THE MONTHLY REPORT: JANUARY 2021
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