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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