A private equity firm based in Singapore, Q Investment Partners (QIP) has completed it’s first funds in the Japan multifamily housing market with fully-deployed commitments of 50 million dollars ($67 millions). The project was in a partnership between QIP and Alyssa Partners, a leading investment manager focusing exclusively on Japanese markets.
J’Den location map is situated in Jurong Lake District, the largest business district outside the CBD
The fund closed after the purchase of the fourth and last asset in the portfolio. The newly purchased property is a 42-unit apartment building located in Kiba, Tokyo. “We are pleased to announce the complete operation of the fund, as well as an acquisition for our 4th property in Tokyo. The QIP MFH fund is an investment vehicle that has opened up access to the market for residential homes across Japan,” says QIP CEO Peter Young.
He also reveals that the firm’s investment strategy is to extend its involvement towards Japanese investors. Japanese market and to establish an office in Japan to help in the implementation of its plans for an additional fund at the closing of the year.
QIP’s efforts on Japan has been specifically on Osaka, Nagoya, and Tokyo. The portfolio of QIP in Japan comprises the 85-unit Luxe Shin Osaka, the porta nigra osu, which is 62 units Porta Nigra Osu, and the 56-unit Porta Nigra Chikusa. The portfolio also has maintained an occupancy rate at 95%.
“Key macroeconomic and microeconomic variables ensure there is a strong likelihood that Japanese market for residential housing, specifically the multi-family asset class is still favored by institutional capitalists,” says Young. Young adds that QIP is committed to its investment in the Japanese sector and has been planning another fund that is focused on Japan later in the year.