M&G Real Estate, a unit of insurance giant Prudential, has acquired two assets in Japan for US$123.6 million ($168 million). The first is a retail asset in Fukuoka while the second is a mixed portfolio of residential assets.
The retail asset in Fukuoka is a fully leased recreation complex that was completed two years ago. It has a convenience store, fitness centres and restaurants. The property is located next to the Nakasu Kawabata station and within a 10-minute walk from the Tenjin station. Meanwhile, the residential portfolio contains 490 homes in 10 different assets across Chiba, Tokyo and Osaka.
The retail asset in Fukuoka is a fully leased recreation complex