AXA Real Estate Investment Managers has announced that its Tokyo Office Property Fund (TOP) is fully invested following the completion of the acquisition of a building in the Nishi-Shinjuku district.
AXA Real Estate Investment Managers has announced that its Tokyo Office Property Fund (TOP) is fully invested following the completion of the acquisition of a building in the Nishi-Shinjuku district.
Tthe Nishi Shinjuku KF Building, a 9,854 m2 high-quality office asset with 10 apartments in central Tokyo’s Nishi-Shinjuku district. This transaction is a co-investment between TOP and the Tokyo Office Real Estate Investment Fund (TOREIF), a fund managed by Sumitomo Mitsui Trust Real Estate Investment Management.
Completion of this fifth acquisition brings Top's total assets under management to ¥21 bn (€151 mln). It also represents the final transaction for TOP which has now deployed all of its capital commitments and completed its investment period.