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M&G Real Estate adds second Japanese residential portfolio for this year
Transactions - DECEMBER 18, 2019

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M&G Real Estate adds second Japanese residential portfolio for this year

by Released

M&G Real Estate has acquired a residential portfolio of 12 properties in Japan as part of its core Asian property strategy managed by Richard van den Berg for institutional investors.

This acquisition marks its second residential portfolio acquisition in Japan this year following the acquisition of three properties in Kobe and Nagoya in October.

The properties are strategically located in prime districts around in Tokyo, Osaka, Kyoto and Fukuoka. Comprising quality residential properties with convenient access to public transportation, employment and local amenities, the portfolio is almost fully occupied.

“Once again, this acquisition demonstrates our ability to execute meaningful and competitive transactions in Japan,” said van den Berg. “This is one of the largest portfolios of residential properties that we’ve acquired and an opportunity for M&G to increase our Japanese exposure to 22 percent and residential exposure to 10 percent.

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