Savills Investment Management (Savills IM) has secured a further $218 million of acquisitions for its Japanese residential strategy.
The Savills IM Japan Residential Fund II (JRFII) has now acquired or committed to acquire 27 properties, 24 of which are located in Greater Tokyo, since its launch in November 2020. The portfolio now consists of more than 1,500 units and 47,000 square meters (505,904 square feet) of net rentable area. The entire portfolio has been assembled with off-market transactions.
Savills IM’s latest acquisitions on behalf of JRFII closed in June 2021 and comprise 10 assets located in popular residential submarkets of central and outer Tokyo, central Osaka and central Nagoya.
Prior to this, the fund acquired four assets between April and May this year, located in highly sought-after districts of the 23 Ward area of Tokyo – Yoyogi-Uehara, Ikebukuro and Ikejiri-ohashi. The assets benefit from superior public transport access and their proxi
