trending Market Intelligence /marketintelligence/en/news-insights/trending/Ykgy6uruOUED6pD4d7-HhQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Phoenix Property sells Tokyo apartment building in ¥20B deal

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible

Phoenix Property sells Tokyo apartment building in ¥20B deal

Phoenix Property Investors Ltd. sold the Oakwood Residence Shinagawa apartment building in Tokyo to a Korean institutional investor for ¥20 billion, Mingtiandi reported, citing the Hong Kong-based private equity real estate investment group.

An unnamed Korean industry source told the news outlet that Seoul-based Korean Investment Management closed the acquisition of a serviced apartment in Tokyo on Dec. 27, 2019, the same date when the sale of the Oakwood Residence Shinagawa was completed.

The 18,847-square-meter Oakwood Residence Shinagawa comprises 202 serviced apartment rooms. It was purchased by Phoenix Property for ¥14 billion and sold through its Phoenix Asia Real Estate Investments V fund, Mingtiandi reported.

As of Jan. 8, US$1 was equivalent to ¥108.87.