In a series of off-market transactions, Savills Investment Management has completed investments in the office and residential sectors in Japan, as well as the acquisition of a local neighborhood shopping center in Australia, for its flagship pan-Asian fund.
Savills IM's Japan investment team identified these off-market opportunities through its relationship with the sellers. The purchases represent the first investments in the Japanese office and residential sectors for the pan-Asian fund. The purchase prices are undisclosed.
In Japan, Savills IM has acquired a high-quality office in Greater Tokyo. The multitenant building totals approximately 5,500 square meters (59,200 square feet) of rentable floor space and is located within walking distance of Yokohama Station, a major interchange railway station with more than 2 million daily passengers and serving 11 train/metro lines.
Also in Japan, Savills IM successfully aggregated a 13-asset portfolio, comprising seve
