Hamburg-based asset manager Union Investment Real Estate has bought a Tokyo office block for €127 mln.

Hamburg-based asset manager Union Investment Real Estate has bought a Tokyo office block for €127 mln.

The J6 Front building has 4,940 m2 of rental space over eight storeys, and is fully let to six Japanese firms.

Union now has 13 properties in Asia Pacific, with a current value of €850 mln.

The vendor was Singapore-based investment firm, Alpha Investment Partners.

Touchstone Capital advised Union on the deal.