Your World of Legal Intelligence
 United Kingdom | +44 (0) 20 7284 8080

KKR Closes Acquisition of Japanese Real Estate Asset Manager from Mitsubishi, UBS Asset Management.

Document Cited in Related
Vincent

MANews-(C)2009-2022

US-based investment firm KKR and Co. Inc (NYSE: KKR), Japanese trading company Mitsubishi Corp. (OTC: MSBHF) and UBS Group and Swiss investment bank UBS AG (NYSE: UBS) have closed a deal under which a subsidiary of KKR has acquired all of the outstanding shares of Mitsubishi Corp.-UBS Realty Inc. from Mitsubishi and UBS Asset Management in an all-cash transaction valued at JPY 230bn (USD 2bn), the companies said.

MC-UBSR is one of the largest real estate asset managers in Japan.

Founded in 2000 as a joint venture between Mitsubishi and UBS-AM, MC-UBSR is a pioneer in the Japanese real estate investment trust segment. Today, it is one of the largest real estate asset managers in Japan with JPY 1.7tn (USD 15bn) in assets under management.

The business has approximately 170 dedicated professionals managing two Tokyo Stock Exchange-listed REITs: Japan Metropolitan Fund Investment Corp. and Industrial and...

To continue reading

Request your trial
COPYRIGHT Normans Media Ltd.

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT