TE Capital Partners and Tokyo Trust Capital entered into forward agreement to acquire new prime Tokyo office building
SINGAPORE AND JAPAN (October 14, 2024) — TE Capital Partners, acting as the investment manager for TE Value Partners series, and Tokyo Trust Capital, as the onshore Asset Manager, have jointly announced the signing of a forward agreement to acquire a brand-new prime office building situated near Tokyo Station. This acquisition reflects the firms’ strong confidence in the Tokyo commercial office market.
The soon to be completed 12-storey office building boasts an outstanding location within Tokyo’s Chuo Ward in the Central 5 wards, one of the city’s highly sought-after business districts. The property is conveniently situated less than 1 kilometer from Tokyo Station and is directly opposite with a mere 1 minute walk from the nearest train station providing excellent accessibility.
The acquisition will complete in Q3 2025.
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About TE Capital Partners
Founded in 2019, TE Capital Partners is a Singapore headquartered real estate investment manager who offers and manages a comprehensive range of investment products on behalf of public listed corporations, securities companies, and family offices across the region. As of Q3 2024, TE Capital Partners and its subsidiaries manage more than S$3 billion in assets under man- agement in commercial office, and multifamily assets across Singapore, Japan, Australia, and the United States, via a range of investment vehicles, such as joint ventures, separate accounts, and closed-end funds, including its flagship Asia Opportunities series and Income Partners series. For more information, please visit www.tecapitalasia.com and LinkedIn.
About Tokyo Trust Capital
Tokyo Trust Capital was established in 2016 with equity contributions from MA Platform (“MAP”) and key professionals who are the start-up members. MAP is a private equity firm established with Akira Mori’s personal capital (Akira Mori is the Chairman and owner of Mori Trust Co., Ltd. one of the largest privately held real estate development firms in Japan). In 2021, Singaporean Private Equity firm, TE Capital Partners, acquired strategic interests in the firm.
In view of the ever-increasing global capital flows in real estate investments, Tokyo Trust Capital aspires to be a leading investment/asset management firm catering to clients for both inbound and outbound opportunities to and from Japan. The firm brings a unique combination of local Japanese team with significant experience in western investment firms. The firm sources and man- ages deals for both foreign capital seeking real estate investment in Japan and Japanese capital seeking investment in foreign real estate markets. For more information, please visit www.ttcap.co.jp and Linkedin.
NOTE: This press release may contain forward-looking statements by TE Capital Partners Group and should not be relied upon by readers and/or investors for any purposes. This is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy in any jurisdiction where prohibited by law or where contrary to local law or regulation. No representation or warranty express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained in this press release. Actual performance, outcomes and results may differ from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions.