Investments
 
Sogo Portfolio
 
Location Tokyo, Japan
Date acquired Acquired by Global Fund 1 and co-investment client in February 2003
Purchase price US$201 million (100%)
Structure 51% joint venture
Description The Sogo Portfolio, located immediately to the west of the Imperial Palace in Tokyo’s central Chiyoda Ward, comprised six office buildings and one shop house, totaling 29,900m².
Investment strategy Purchased from a distressed vendor, the assets offered a variety of leasing and operational challenges. Individually tailored asset management program were designed and implemented for each asset to lease-up vacant space, reduce operating expenses and refurbish older buildings. The properties were then sold individually to maximise return. Click here to view properties in the Sogo Portfolio.
Date sold

June 2004 - April 2005

   
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