Singapore sovereign wealth fund GIC and Japan’s Tosei Asset Advisors have launched a bid to acquire Sankei Real Estate Investment Corp., a Tokyo-listed commercial REIT, in a deal valued at approximately JPY58.4 billion ($377 million), according to Mingtiandi. The proposed acquisition would be carried out through a tender offer, reflecting continued investor interest in Japan’s listed real estate vehicles. Sankei REIT’s portfolio includes office and commercial assets in Tokyo, with its flagship property located in the Nihonbashi area.
Sankei Real Estate has recommended the tender offer from Tosei Corp. and GIC at approximately JPY125,000 ($807) per unit, representing a 20.9 percent premium to the most recent closing price, according to a
