M&G Real Estate adds 12 properties to Japan portfolio

Singapore

M&G Real Estate - the real estate fund management arm of M&G Investments - has acquired a residential portfolio of 12 properties in Japan, it announced in a news release on Wednesday. It did not state what the deal was worth.

This is its second residential portfolio acquisition in Japan this year, after it bought three properties in Kobe and Nagoya for a total of US$57 million in October. The latest portfolio - comprising residential properties that are almost fully occupied - are located in prime districts in Tokyo, Osaka, Kyoto and Fukuoka, M&G Real Estate said.