Alpha Prime Toyocho, Tokyo

"We are pleased that we have once again created added value for our investment partners with this sale," says Masatomo Okamoto, AM ALPHA's Head of Japan. "We have been active in the Japanese real estate market for over ten years. Our local presence and direct market access enabled us to identify this investment opportunity and successfully implement it as part of a 'develop-to-core' investment strategy."

The ten-story building, constructed to the highest energy standards, received the highest rating of 5 stars from BELS (Building-Housing Energy-Efficiency Labelling System), setting new benchmarks for energy efficiency in the Japanese market. AM ALPHA acquired the property in 2022 while it was still under construction and was able to significantly increase the value of the property through a successful leasing campaign. "Although the building was expected to yield an attractive return, we decided on an early sale. This allows us to realise the value growth and reinvest the capital in new, growth-oriented projects that align with our long-term strategy," explains Okamoto.

The outlook for Japan's multifamily housing sector stays positive. Economic growth is boosting employment and wages, driving demand for housing. At the same time, the Japanese housing market has a limited supply of new construction projects. Okamoto: "Tokyo, as Japan's economic powerhouse, will particularly benefit from this trend. The Greater Tokyo real estate market, with its 36 million residents, is vast and very liquid. These are perfect conditions for real estate investments for institutional investors, especially for foreign investors who also benefit from a weak yen."

AM ALPHA is a Munich based privately owned real estate family office that focuses on global investments in prime real estate on its own account and in collaboration with family offices, private clients and endowments in Europe and Asia. The company is represented in Europe in all major real estate markets with its own offices. Its Asian operations are headquartered in Singapore, with offices in the gateway cities in the Asia Pacific region. AM ALPHA has also received all necessary licenses from German regulator BaFin acting as a German regulated capital management company (Kapitalverwaltungsgesellschaft – KVG) and Alternative Investment Fund Manager (AIFM). The real estate firm is currently managing a substantial Asia Pacific and European portfolio.