Mubadala forms 80 billion yen Japanese residential property venture
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ABU Dhabi state investor Mubadala has formed a joint venture with Proprium Capital Partners and Manulife Investment Management to build an up to 80 billion yen (S$767 million) property portfolio, Mubadala and Proprium said on Wednesday (Jun 14).
Samurai Capital, a leading asset manager with significant experience in managing property assets, will partner the venture.
“The joint venture was seeded with existing rental multi-family properties in Japan and will seek to acquire additional assets,” Proprium Capital said in its statement.
Targeting urban dwellers in Tokyo and Osaka, the seed assets are high-quality properties with convenient access to railway stations and nearby neighborhood amenities, Proprium added. REUTERS
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