This deal is a prime example of Phoenix’s skill in enhancing the
investment value of an existing Tokyo property and managing the
exit efficiently.
Phoenix acquired this 22 year-old, 7-storey office-cum-residential
building in March 2015. The company saw the potential investment
opportunity given its location in the city’s Shinagawa business
district, home to many headquarters and branch offices of large
Japanese and multinational corporations. A position enhanced by
its close proximity to three JR stations and a number of upcoming
residential and office developments.
After careful renovation of both the office and residential space,
Phoenix successfully sold the property to a corporate end-user for
a good exit price.
