trending Market Intelligence /marketintelligence/en/news-insights/trending/GyT-nCQ_C2sWAiK6YhV_zw2 content esgSubNav
In This List

Daiwa Office to sell stake in Tokyo office tower for ¥62.5B

Blog

Japan M&A By the Numbers: Q4 2023

Case Study

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

Blog

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

Podcast

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


Daiwa Office to sell stake in Tokyo office tower for ¥62.5B

Daiwa Office Investment Corp. agreed to the ¥62.5 billion sale of a roughly 43% stake in a grade A Tokyo office tower to Singapore's sovereign wealth fund, GIC.

Daiwa Office will retain an equal stake in the property, with the remaining interest held by an unidentified domestic company.

The 34-story Shinjuku MAYNDS Tower in Shinjuku will be jointly managed by Daiwa Office and GIC, according to a release.

As of Dec. 18, US$1 was equivalent to ¥112.36.