>

>

QIP launches Japan-focused multi-family fund with US$40 mil seed portfolio

By Atiqah Mokhtar

/ EdgeProp Singapore |

June 7, 2022 8:27 PM SGT

The seed portfolio comprises three assets, located in Osaka and Nagoya (Photo: QIP)

Join our Telegram channel and follow our Facebook for the latest update.

SINGAPORE (EDGEPROP) - Singapore-based private equity firm Q Investment Partners (QIP) has launched a Japan-focused multi-family fund that is a joint venture with real estate investment manager Alyssa Partners.

See also: TE Capital acquires portfolio of prime multi-family residential assets in Tokyo

The fund will invest in stabilised residential assets across Japan, targeting net positive demographic markets. Alyssa, which has offices in Tokyo and Hong Kong, will act as the local operating partner in addition to being a co-investor.

A portfolio of seed assets has been acquired under the new fund, comprising three multi-family assets with a combined value of US$40 million ($55 million). The assets are located across Yodogawa Ward in Osaka and Naka Ward in Nagoya, with a total of 207 units that are currently at around 90% occupancy. The assets are expected to generate an 8% to 10% IRR (internal rate of return) and a targeted annual yield of 5%.

QIP CEO Peter Young says that the joint venture with Alyssa further solidifies QIP’s standing as a leading investor and provider of residential living real estate assets. “It also highlights the attractive risk-adjusted investment returns that are available via Japan’s multi-family sector, an asset class that is highly in demand from institutional investors,” he adds.

Meanwhile, managing partner and CEO at Alyssa Partners Chedli Boujellabia says the firm is grateful to have been selected as QIP’s Japan partner. “We are very pleased to have teamed up with QIP to elaborate a strategy for investing in Japan multi-family assets,” he says. The announcement of the joint venture between QIP and Alyssa comes days after the latter announced a co-investment with Blackstone to acquire 19 multi-family assets in Japan.

Tags:

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Sapphire Windows’ Liews: Beyond providing a room with a view

2

Keeping cool in an east-west-facing house with modern glass windows

3

Far East Shopping Centre’s $908 mil en bloc deal aborted

4

Luxury living in the new heart of Bukit Timah

5

Grandson of Genting Group founder leads Cover Projects, carves niche in Singapore’s heritage properties

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00