AXA Alts sells Tokyo office scheme

AXA IM Alts has reached practical completion on the development of a 4,000-square-meter (43,000-square-foot) office in Roppongi in Tokyo.

Alongside the completion, AXA IM Alts announced the sale of the building to a Korean-based investment and financial services company, successfully concluding its investment into this project.

AXA IM Alts acquired the land on behalf of clients in December 2018 and utilized its development expertise to deliver a high-quality nine-story office tower complete with state-of-the-art facilities and outdoor space in the heart of the Roppongi area, opposite Tokyo Midtown. The business secured a pre-let for the entirety of the building prior to commencing development, with Regus Japan having agreed to take a long lease to establish a flagship office for its SPACES coworking brand. Regus Japan will benefit from the modern collaborative and co-working space on offer, as well as the high visibility and great location of the building. The signific