Gaw Capital Partners completes $3b privatization of Office J-REIT in Japan

Real estate private equity firm Gaw Capital Partners, through a fund under its management and in conjunction with Invesco, has completed the $3 billion privatization of Invesco Office J-REIT Inc., which comprises 18 fully stabilized class-A/B office assets, primarily in Tokyo.

The portfolio comprises well-located properties in Japan with a total net rentable area (NRA) of 89,736 tsubo (3.19 million square feet). Twelve of the portfolio’s assets are in Tokyo, three are in Yokohama, one asset in Nagoya, one asset in Fukuoka and one asset in Osaka. Enjoying excellent transport links, all 18 assets are within 10 minutes walking distance of a subway station, with the average portfolio occupancy more than 98 percent.

“We are delighted to have completed the first-ever privatization of a J-REIT in the market. The REIT comprises high-quality, green-certified offices in prime locations and will be a great addition to Gaw Capital's current portfolio. We see great opportunit