PATRIZIA announces fresh firepower of up to JPY 150bn (c. EUR 1bn) to invest in Japanese real estate

Strategic partnership with major Asian institutional investor will see PATRIZIA invest up to JPY 150bn (c. EUR 1bn) in Japanese real estate

PATRIZIA, a leading partner for global real assets, has announced a strategic partnership with a major Asian institutional investor to invest up to JPY 150bn (c. EUR 1bn) in Japanese real estate. With the fresh firepower, PATRIZIA aims to significantly increase its AUM in Japan and accelerate the company towards its mid-term growth ambition of JPY 300bn (c. EUR 2bn) of Japanese AUM by 2027.

The dedicated fund, in which PATRIZIA will co-invest, will target residential assets in Tokyo, the world’s largest metropolitan area, as well as other major cities and metropolitan areas across Japan. The investment strategy will focus on core plus and value-add opportunities in the multi-family sector, while an active asset management strategy on the ground will drive value through the renovation of units, new exterior designs and effective operations.   

Wolfgang Egger, CEO of PATRIZIA, said: “Japan is an incredibly attractive market thanks to the large size of its real estate sector, political stability and strong economy. Our partnership with one of the world’s major institutional investors is a step change in our APAC growth story and PATRIZIA’s international investment activities as a truly global real assets player. We have built a solid track-record as a strong and reliable partner for our clients, so we are very proud to have secured the trust of a well-established Asian client to invest Asian capital in the very attractive Japanese real estate market. Not only does this landmark partnership underline our conviction to grow our Japanese platform against a backdrop of global economic challenges, it also showcases our ability to execute across the entire region, with a Singaporean domiciled fund that is underpinned by an APAC-wide team of real asset experts.”

You can now read the full press release at the link below