Värde Partners Sells Japanese Real Estate Assets

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February 28, 2017

SINGAPORE – Värde Partners, the $12 billion global alternative investment firm, today announced that Japanese commercial real estate assets comprising one of its investment portfolios were sold for ¥49.7 billion to property developer and fund manager CapitaLand.

The portfolio comprises two office buildings in Yokohama – Yokohama Blue Avenue and Sun Hamada; one office building in Tokyo – Kokugikan Front; and one shopping mall in Saitama – Seiyu & Sundrug.

The Japanese real estate market continues to be a focus for Värde. Over the last 8 years, Värde has built an investment portfolio of approximately JPY 90 billion ($800 million) of Japanese real estate and real estate related assets. “The sale of these assets to a well-respected buyer is representative of our business model in Japan, teaming with experienced asset management to create value enhancement across the portfolio by improving lease terms, occupancy and spending the required capex. Värde continues to seek opportunities where it can unlock and create value. In addition, establishing an office in Tokyo in 2015 has helped build out our real estate business” said Ali Haroon, a Partner of Värde and Global Co-Head of Real Estate for the firm.

About CapitaLand Limited (www.capitaland.com):
CapitaLand is one of Asia’s largest real estate companies. Headquartered and listed in Singapore, it is an owner and manager of a global portfolio worth more than S$78 billion as at 31 December 2016, comprising integrated developments, shopping malls, serviced residences, offices, homes, real estate investment trusts (REITs) and funds.

About Värde Partners:
Värde Partners is a $12 billion global alternative investment adviser focused on investing capital and resources across multiple segments and markets that includes corporate assets and sovereign debt, residential mortgages, real estate, specialty finance and transportation. Värde sponsors and manages a family of private investment funds with a global investor base that includes foundations and endowments, pension plans, insurance companies, other institutional investors, and private clients.