On March 31st, German Family Office AM Alpha announced the acquisition of a portfolio of 25 newly built residential properties in Tokyo for an undisclosed sum. The transaction already took place in September last year, the assets are still under construction. Martin Lemke, the managing director of the Munich-based family office, commented the transaction with: “Demand for residential space, which is boosted by consistently positive fundamental data, and the resulting cash flow stability perfectly complement our existing value-add exposure in the region.” The project is realized by a renowned Japanese real estate developer.
German family office actively investing in Asia-Pacific real estate
AM Alpha is a globally active (multi) family office with close ties to Wolfgang Egger, founder of the listed German real estate investment firm Patrizia AG. The firm is on a global expansion track: Other investments in the Asia-Pacific region are the 179 North Quay office tower in Brisbane and another mixed-use building. AM alpha was also active in Tokyo before: in 2012, the family office acquired the Axall Roppongi, an office building in the central commercial district Roppongi.
Sourvecs
Real Assets, 07.04.2020
Europe RE, 07.04.2020
Ryo Yoshitake (Picture), 07.04.2020
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Relevant family office lists
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Last Updated on October 11, 2021
