trending Market Intelligence /marketintelligence/en/news-insights/trending/dlahnhpfumiwkn1jzeyl5q2 content esgSubNav
In This List

Star Asia Investment completes ¥19.7B buy of 6 Japanese properties


Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise


FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Star Asia Investment completes ¥19.7B buy of 6 Japanese properties

Star Asia Investment Corp. completed the ¥19.67 billion acquisition of two office properties and four hotels.

The office assets are the Amusement Media Gakuin Honkan property in Tokyo, purchased for ¥2.58 billion, and the Higashi-Kobe Center Building in Hyogo, acquired for ¥7.44 billion.

As for the hotel assets, the Japanese real estate investment trust acquired Hotel WBF Fukuoka Tenjin Minami in Fukuoka for ¥1.97 billion, the Glansit Akihabara in Tokyo for ¥2.50 billion, the Best Western Tokyo Nishikasai Grande in Tokyo for ¥3.18 billion and Hotel WBF Art Stay Namba in Osaka for ¥2.00 billion.

As of Sept. 5, US$1 was equivalent to ¥111.54.