M&G Real Estate has invested JPY19.4bn (€108m) to acquire six residential assets in Tokyo on behalf of its M&G Asia Property and M&G Asia Living Property strategies.
The properties, located across established Tokyo neighbourhoods, provide more than 320 homes across a mix of apartment sizes.
Jing Dong Lai, CEO and CIO of M&G Real Estate Asia, said: “Japan continues to stand out as an attractive residential market, particularly in Tokyo, where demand for well-located rental homes remains strong.
“These acquisitions demonstrate our ability to source high-quality assets locally and invest with discipline in a market with long-term appeal. As we expand our footprint in Japan, we remain focused on building a resilient, diversified portfolio for our investors.”
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