KKR & Co. and PAG are in exclusive talks to acquire Sapporo Holdings' real estate assets, valued at over ¥400 billion, strengthening their presence in Japan's property market.
Overview of Target
KKR & Co. and PAG are currently in exclusive negotiations to acquire the real estate assets of Sapporo Holdings, with the transaction valued at over ¥400 billion (approximately $2.6 billion). The Japanese brewery has designated the KKR-PAG consortium as its preferred bidder and is targeting a definitive agreement by November, although the negotiations are still in progress and have not yet reached a conclusion.
Sapporo’s real estate portfolio features prominent assets such as Yebisu Garden Place, a landmark complex in Tokyo that spans 83,000 square meters and includes office space, retail outlets, and dining facilities. Sapporo has stated that no final decisions concerning its real estate business have been made, and it anticipates completing its strategic review by the end of the year.
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Industry Overview in Japan
The real estate market in Japan is characterized by its resilience and potential for growth, despite challenges such as an aging population and economic fluctuations.
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in
in a Buyout deal
Disclosed details
Transaction Size: $2,600M