Lone Star exits realty portfolio to Mitsubishi Estate
US private equity firm Lone Star has exited an office building and other properties in the Akasaka area in Tokyo to Mitsubishi Estate Co, one of the leading real estate companies in Japan owned by conglomerate Mitsubishi Group. The deal is worth around JPY90 billion ($1.1 billion) according to reports in the Nikkei.
No specific buildings were named in the upscale area, also home to Mori’s Akasaka Hills and the ANA Hotel. Lone Star has been one of the more active real estate private equity investors in Japan since...
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