AXA Investment Managers – Real Assets has completed, on behalf of clients, the acquisition of a 10-story residential tower in Nagoya, Japan’s third largest city.
Known as Aden Imaike East, the building comprises 171 rental units, including 63 studios and 108 one-bedroom apartments, complete with private balconies and access to parking. Constructed in 2007, the 5,965-square-meter (64,207-square-foot) property has been well maintained and stands in good condition, with attractive modern interiors. The class A building has been designed to attract young, single occupants and dual-income couples due to its affordable rents and accessibility to the city center.
Strategically located in close proximity to Nagoya’s central business district, the property is just a six-minute walk from Imaike subway station, which connects to the central retail and business districts within five and 10 minutes, respectively. The mainline Nagoya Station is within 10 minutes’ reach
