AXA IM Alts acquires two residential assets in Tokyo for c. €51 million (¥6.9 billion)
Premium 158-unit portfolio in the attractive submarkets of Japan’s most populous city.
AXA IM Alts, a global leader in alternative investments with c. €188 billion of assets under management
Comprising 158 studio, one- and two-bed rental apartments, presenting high-quality interior designs, across a total net internal area of c. 58,000 sq ft (c. 5,400 sqm), the portfolio consists of two premium, well-located assets with appealing local amenities.
The first property, Sugamo 3, is located in Tokyo’s Sugamo neighbourhood, a vibrant submarket famed for its retail offering and favoured by singles and DINKs (Dual Income, No Kids) for its wide variety of amenities and proximity to Tokyo’s CBD. The 98-apartment asset was built in 2009 and is located just a four-minute walk from Sugamo railway station, which offers direct access to the centre of Tokyo in under 20 minutes. The second asset, Kuramae 1, is a c. 24,000 sq ft (c. 2,200 sqm) riverside property which was constructed in 2008 and comprises 60 units in the Asakusabashi submarket of Tokyo, renowned for its traditional atmosphere as well as its strong retail offering. Asakusabashi Station is accessible in six minutes by foot from the asset, with Tokyo’s CBD directly accessible via rail in under 15 minutes.
AXA IM Alts has now made 15 acquisitions in Japan over the past year, taking the business’ global real assets under management in the country to c. ¥418 billion (€3.1 billion)
Laurent Jacquemin, Head of Asia-Pacific at AXA IM Alts, commented: “This transaction further extends our residential portfolio in Japan’s most populous city, adding into the portfolio two assets both benefitting from prime locations and strong local infrastructure. This acquisition is in line with AXA IM Alts’ wider long-term strategy to invest into residential asset classes which it believes are supported by favourable residential market fundamentals.”
– ENDS –
About AXA IM Alts
AXA IM Alts is a global leader in alternative investments with €188 billion of assets under management
About AXA Investment Managers
AXA Investment Managers (AXA IM) is a responsible asset manager, actively investing for the long-term to help its clients, its people and the world to prosper. Our high conviction approach enables us to uncover what we believe to be the best global investment opportunities across alternative and traditional asset classes, managing approximately €864 billion in assets as at the end of March 2022.
AXA IM is a leading investor in green, social and sustainable markets, managing €563 billion of ESG-integrated, sustainable and impact assets as at the end of December 2021. We are committed to reaching net zero greenhouse gas emissions by 2050 across all our assets, and integrating ESG principles into our business, from stock selection to our corporate actions and culture. Our goal is to provide clients with a true value responsible investment solution, while driving meaningful change for society and the environment.
At end of December 2021, AXA IM employs over 2,460 employees around the world, operates out of 23 offices across 18 countries and is part of the AXA Group, a worldwide leader in insurance and asset management.
Visit our websites https://alts.axa-im.com and www.axa-im.com
Follow us on Twitter @AXAIMAlts and @AXAIM
Disclaimer
This document is aimed solely at the media and is for information purposes only. The opinions expressed here are the views of the author and do not constitute investment advice. This is not a recommendation to purchase, sell or subscribe to financial instruments, an offer to sell investment funds or an offer of financial services. This press release is as dated. They do not necessarily represent the views of any company within the AXA Investment Managers Group and may be subject to change without notice. This does not constitute a Financial Promotion as defined by the Financial Conduct Authority. This is for information purposes only. No financial decisions should be made on the basis of the information provided. Past performance is not necessarily representative of future results: performance is not constant over time and the value of investments may fall as well as rise. provided. Past performance is not necessarily representative of future results: performance is not constant over time and the value of investments may fall as well as rise.
AXA IM and BNPP AM are progressively merging
AXA IM and BNPP AM are progressively merging and streamlining our legal entities to create a unified structure
AXA Investment Managers joined BNP Paribas Group in July 2025. Following the merger of AXA Investment Managers Paris and BNP PARIBAS ASSET MANAGEMENT Europe and their respective holding companies on December 31, 2025, the combined company now operates under the BNP PARIBAS ASSET MANAGEMENT Europe name.