Gaw Capital Partners has sold a 42,000sqft office building in Japan to a local consortium led by Mizuho Real Estate Management for an undisclosed price.
The Matsushita IMP Building in Osaka Business Park was originally acquired by Gaw Capital in April 2020 for JYP39bn (€225.7m), according to Savills, on behalf of an institutional investor.
Gaw Capital implemented a series of asset management initiatives aimed at enhancing the building’s value, including a renovation that was completed in September 2022.
The Hong Kong-based manager which currently has approximately JPY655bn of assets under management in Japan, has transacted all real estate sectors, including office, retail, hotel, residential, data centres and logistics in that market.
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