The off-market deal marks COREF’s foray into the multifamily sector and brings the group’s total investment in Japan to about $1.1 billion across 60 properties.
CapitaLand Investment (CLI) (SGX:9CI
) , on April 3, announced that it has entered into a forward purchase agreement to acquire six multifamily – or rental housing – assets in central Osaka in Japan for $141.4 million.
The agreement, which was entered into with an “established Osaka-based residential developer”, was for CLI’s flagship regional core-plus fund, CapitaLand Open End Real Estate Fund (COREF).
