Mubadala forms $600 million Japanese residential property venture, ET RealEstate

June 24, 2023

DUBAI: Abu Dhabi state investor Mubadala has formed a joint venture with Proprium Capital Partners and Manulife Investment Management to build an up to 80 billion yen ($572 million) property portfolio, Mubadala and Proprium said on Wednesday

Samurai Capital, a leading asset manager with significant experience in managing property assets, will partner the venture.

“The joint venture was seeded with existing rental multi-family properties in Japan and will seek to acquire additional assets,” Proprium Capital said in its statement.

Targeting urban dwellers in Tokyo and Osaka, the seed assets are high-quality properties with convenient access to railway stations and nearby neighborhood amenities, Proprium added.

  • Published On Jun 15, 2023 at 05:29 PM IST

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