M&G enhances core fund with three assets in Japan
Transactions - MAY 5, 2021

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M&G enhances core fund with three assets in Japan

by Andrea Zander

M&G has acquired a partial interest in a prime logistics facility in Chiba, Greater Tokyo Bay Area, and two residential buildings in Osaka, Japan, on behalf of M&G Asia Property Fund (MAP), its core Asia property strategy. Terms of the transaction were not disclosed.

ESR Ichikawa Distribution Centre (ESR Ichikawa DC) was built in 2019 and is located in Ichikawa City, Chiba Prefecture within the Gaikando industrial precinct of Greater Tokyo Bay Area. The facility is conveniently located 20 kilometers (12 miles) from the Tokyo Metropolitan Area, sitting between Narita and Haneda International Airports, with good access to labor force in the surrounding residential areas and public transportation.

ESR Ichikawa DC is a CASBEE A rated, state-of-the-art facility comprising two four-stories blocks with a total floor space of 201,100 square meters (2.2 million square feet) and a large floor plate of 25,100 square meters (270,174 square feet). Each block has a double-ra

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