Author Anton Bridge
Tokyo (Reuters) – Gaw Capital Private Capital Capital and Patience Capital Group’s headquarters have completed the purchase of Tokyo Plaza Ginza, Main Center in Central Tokyo, in a contract worth more than a billion dollar, Gaw’s boss Japan said on Friday .
A headquarters from Hong Kong said he had formed a joint investment for acquisition and real estate management holding 91%, with 9% holding Patience Capital Group.
The deal is the latest in a series of major property transactions in the hot Japanese market.
The Canadian company Brookfield Asset Management has closed two real estate investments in Japan last month for a total of $ 1.6 billion.
“With favorable macroeconomic bases that support the Japanese real estate sector, this is a very timely time to invest,” said Gawa Japan presenter Isabella Lo.
The Tokyu Plaza Gaw transaction is the largest in Japan, where it has been operating since 2014. The company has approximately 655 billion yen ($ 4.32 billion) property under management in Japan, which is a growth of 40% in the last 12 months, LO said.
($ 1 = 151,6200 Jena)
(Reporting Anton Bridge; Mounting Jamie Freed)
