AXA's Tokyo Fund Completes Second Buy

TOKYO—AXA Real Estate Investment Managers, one of the largest real estate portfolio and asset managers globally, says it’s Tokyo Office Property Fund (TOP) has completed the acquisition of Kyobashi Square. The fund;s second acquisition is a core modern 5,884 sqm building located in the Chuo-Ku district of central Tokyo.

It was purchased from Godo Kaisha Kyobashi Property, a consolidated subsidiary of Ichigo Holdings K.K.  Kyobashi Square comes shortly after the purchase of Shinjuku Sanchome in the Shinjuku ward of central Tokyo in March.  The purcahse was made in co-investment with Sumitomo Mitsui Trust Real Estate Investment Management Co. Ltd’s Tokyo Office Real Estate Investment Fund, which was founded alongside TOP in August 2012.