>

>

Gaw Capital completes US$540 mil acquisition of logistics assets in Tokyo

By Atiqah Mokhtar

/ EdgeProp Singapore |

December 2, 2022 2:01 PM SGT

The portfolio comprises seven assets with a total net rentable area of around 253,200 sq m (Picture: Gaw Capital Partners)

SINGAPORE (EDGEPROP) - Real estate private equity firm Gaw Capital Partners has completed the acquisition of a portfolio of logistics assets in Greater Tokyo, Japan. The portfolio, purchased through a fund under its management, comprises seven assets with a total net rentable area of around 253,200 sq m that is fully leased out. The portfolio was reportedly acquired for US$540 million ($732 million) from US investment firm Blackstone.

Read also: Keppel REIT enters into the Tokyo office market with acquisition of Ginza office building

The assets are located in Chiba, Joso, Hasuda, Hashimoto, Atsugi and Ashikaga, with most of the assets within a one-hour drive of central Tokyo. In a Dec 1 press release, the firm plans to “unlock the hidden value of the portfolio” by leveraging strategies including cold storage conversion, proactive asset management, and environmental, social and governance (ESG) initiatives.

Isabella Lo, managing director and head of Japan at Gaw Capital, says the firm is “delighted” to have completed its first logistics portfolio in Japan. She adds: “With rising demand driven by continued urbanisation and e-commerce, logistics assets in Japan continue to mature as an institutional asset class, increasingly attracting capital from domestic and international investors.”

Tags:

Gaw Capital Partners logistics Tokyo

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Perennial Holdings and Far East Organization unveil Golden Mile Singapore, and will launch the strata commercial units this month

2

Government ramps up private housing supply; offers three EC sites on Confirmed List

3

Novo Place hits 88.1% as 137 units snapped up in second balloting

4

Project Spotlight: This condo in Ang Mo Kio has 241 profitable and no unprofitable transactions

5

What’s next for Bayshore

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00