Alyssa Partners and Invesco Real Estate have joined forces to buy a portfolio of 15 residential properties in Japan for an unnamed “major Japanese real estate developer”.
The portfolio consists of newly built multifamily properties in Tokyo, Osaka, Nagoya and Fukuoka, comprising 1,258 apartment units with a total gross area of 42,200sqm. Financial details were not disclosed.
Chedli Boujellabia, managing partner and CEO of Alyssa Partners, said: “We are very pleased to include Invesco Real Estate, one of the leading global real estate investment firms, amongst our capital partners in Japan where we continue to have strong convictions about the residential rental market.
“This latest portfolio acquisition demonstrates Alyssa Partners’ ability to source, execute and manage large-scale investments alongside major institutional investors.”
Ian Schilling, head of Asia-Pacific core funds at Invesco Real Estate, said: “This multifamily property portfolio is a unique investment that aligns squarely with our Asia Pacific core strategy and broad objective to deliver the most compelling and best performing opportunities to our investors.
“This investment continues our focus to diversify into key segments such as residential assets across developed markets in the region, especially in Japan where we see sustainable demand for quality assets in established urban centres.”
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