AXA Investment Managers pays €165m for residential tower in Nagoya, Japan

AXA Investment Managers – Real Assets has completed, on behalf of clients, the ¥20 billion (€165 million) acquisition of a highly innovative residential tower at 4-60-5 Hiraikecho in Nagoya, Japan’s third-largest city.

The newly built class A residential tower has been designed to satisfy the multi-generational demand for residential space inside Japan’s highly dense city center locations, driven by continued urbanization. The new concept offers accommodation targeting primarily young professionals and families, through 430 residential units and 130 co-living units, as well as a range of later life options through 66 units comprising a mix of pure residential for the elderly together with care or nursing service options for those residents that require them.

The building also caters for the next generation of residents through a nursery school and boasts a wide range of additional amenities including a gym, a convenience store and other retail shops, as wel