AXA IM Alts acquires c. €423 million (¥58 billion) of multi-family and purpose-built student accommodation assets in Japan
- Totalling 2,021 units across twenty-nine multi-family and four student accommodation assets, the separate transactions extend residential footprint in high conviction APAC region -
AXA IM Alts, a global leader in alternative investments with c. €188 billion of assets under management
The 1,482 unit multi-family portfolio comprises twenty-nine high-quality assets, all of which have been built in the last two years, with a high weighting to studio apartments. The majority of assets feature shared common facilities including auto-locking entrances, delivery boxes, and high-quality interiors. The portfolio is located in high density neighbourhoods within Greater Tokyo and Osaka, all of which have excellent transport links to the CBD.
The student accommodation portfolio comprises four newly constructed properties totalling 539 studio apartments. Operated by National Students Information Centre, one of the largest student housing operators in Japan. Strategically located in four highly populous neighbourhoods within Greater Tokyo, the properties provide access to between seven and eleven local universities within a 30-minute commute and all offer excellent access to the city centre.
Accounting for just over 43% of Japan’s total population
These transactions mark AXA IM Alts’ second and third acquisitions in Japan this year, and form part of AXA IM Alts’ wider long-term strategy to invest into residential asset classes which it believes are supported by strong demographic drivers.
Laurent Jacquemin, Head of Asia-Pacific at AXA IM Alts, commented: “These transactions extend our residential footprint in two of Japan’s most densely populated cities, where demand for high quality residential units significantly exceeds current supply. Against a volatile macroeconomic backdrop, the highly defensive build-to-rent and student accommodation sectors are two of AXA IM Alts strong conviction calls, reflecting their favorable demographic and societal drivers and attractive income and capital growth characteristics. Japan, and the APAC region as a whole, remains a key focus for the business.”
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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.
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Disclaimer
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