6-asset purchase – SG’s SilkRoad Property enters Japan
Another Asian investor expands investments in Japanese real estate. Singapore real estate investor SilkRoad Property Partners has completed the purchase of six assets in Tokyo at a total acquisition value of 19.5 billion yen (134 million euros) as it looks to establish a presence in Japan. As part of the third instalment of its pan-Asian value-add fund series Silk Road Asia Value Partners II (SAVP II), the fund manager has added an office building in Central Tokyo and five multifamily properties in major commuter cities in Greater Tokyo, according to a company statement. SilkRoad’s multifamily strategy is part of its focus on the residential sector that covers senior housing, co-living, and other asset classes in the category. With current assets under management of approximately $2 billion across four funds, the firm is eyeing expansion in Asia’s core markets across Singapore, Japan, Hong Kong, and China.
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