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Transactions - APRIL 28, 2021

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PGIM Real Estate acquires Tokyo office building

by Andrea Zander

On behalf of its Asia Pacific core-plus investment strategy, PGIM Real Estate has acquired a 19,000-square-meter (205,000-square-foot) six-story office building in Tokyo. PGIM Real Estate is the real estate investment and financing business of PGIM, the $1.5 trillion global investment management business of Prudential Financial.

The property is located in the Toyocho submarket, on the eastern side of central Tokyo, within a six-minute walk from Toyocho Station on the Tokyo Metro Tozai Line. The Toyocho office market attracts many corporate tenants due to its convenient access to the Marunouchi/Otemachi central business district and its importance as a hig

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