>

>

/

TE Capital Partners acquires portfolio of Tokyo residential assets for $80.65 mil

/ EdgeProp Singapore |

June 30, 2021 12:51 PM SGT

SINGAPORE (EDGEPROP) - TE Capital Partners, acting on behalf of its TE Japan Income Partners series, has completed the acquisition of a portfolio of multi-family residential assets located in Central Tokyo, Japan. The sale amounts to US$60 million ($80.65 million). (See also: TE Capital acquires portfolio of prime multi-family residential assets in Tokyo)

The residential portfolio comprises a residential development in the Shinjuku ward, a residential development in the Koto ward, and one residential development in the Kita ward. In total, the three assets consist of 175 units.

“This investment echoes the firm’s strategy of growing exposure to multi-family assets in Japan, a sought-after asset class offering long-term stabilized yields underpinned by strong urbanization trends and historically high occupancy levels ranging above 90 percent,” says Terence Teo, manging partner at TE Capital Partners.

The latest acquisition brings the group’s portfolio of Japanese multi-family assets to 266 residential units, which are all located in Tokyo’s 23 wards. It features a mix of studios, and one- to two-bedroom units. All assets are also within seven minutes’ walk from train stations.

The group entered the Japanese multi-family asset market in December 2020 when it acquired a US$50 million portfolio comprising to assets in the Minato ward and another in the Setagaya ward.

“We are extremely pleased that TE Japan Income Partners’ inaugural investment in the multi-family sector has performed well despite the COVID-19 pandemic, and this has validated our conviction about the resilience of this asset class,” says Emilia Teo, managing director of TE Capital Partners.

Tags:

TE Capital Partners Tokyo residential development

Follow Us

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

Subscribe to our newsletter

Top Articles

1

Emerald of Katong hits 99% sales at launch, averaging $2,621 psf

2

Kingsford sells 76% of Chuan Park units at an average price of $2,579 psf

3

Is it a Good Deal?: $1.03 million for a four-room HDB flat in District 10

4

Sim Lian Group’s Emerald of Katong: Will it be another top-seller?

5

CDL sells 20% of Union Square Residences at an average price of $3,200 psf

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