AEW Capital Management (“AEW”) has acquired Macquarie Innovation Centre for AUD 144 million and a portfolio of 2 multifamily assets in Japan for JPY 5 billion.

Macquarie Innovation Centre is a 12-storey newly completed Grade A office building located in Macquarie Park, strategically located north-west of Sydney. It is positioned in a prominent location with direct access to transport infrastructure, amenities and services with the adjacent Macquarie Shopping Centre, one of the largest regional malls in Australia. The property is approximately 158,000 square feet and is a long-hold, income focused asset leased to a diverse tenant base with a 100% income occupancy rate.

“Macquarie Park is the home of global pharmaceuticals, technology, electronics and telecommunications companies and Macquarie Innovation Center benefits from the resiliency of this tenant base. Additionally, the asset has been awarded a 5-star Green Star design rating and was financed with a green loan delivering on AEW’s target to acquire assets that set a high ESG benchmark.” said David Schaefer, AEW’s CEO Asia Pacific. “We are very pleased to be able to acquire this high-quality property.”

The acquisition of the Japan multifamily assets represents the first investments in Japan for AEW. The portfolio consists of 216 units completed in 2020 and 2021. Located within a short commute to the CBDs in Tokyo and Osaka, the assets are positioned within a short walk to metro stations and amenities. The assets are expected to deliver stable income streams with the continued demand for quality apartments.

Mr. David Schaefer said, “We are extremely pleased that AEW’s inaugural investment in the Japan market has been in the highly sought-after multifamily sector. Through our Tokyo office, we expect to continue to invest in this strong sector.”
An affiliate of Natixis Investment Managers
Privately-held French "Société anonyme à conseil d’administration".
Real-estate investment manager under n°T 8324 delivered by the Prefecture de police de Paris.
Share capital: €17,025,900
RCS Paris: B 409 039 914
22 rue du Docteur Lancereaux 75008 Paris, France

Natixis Investment Managers
RCS Paris 453 952 681
Share Capital: €178 251 690
43 avenue Pierre Mendès France
75013 Paris

This communication is for information only and is intended for investment service providers or other Professional Clients. The analyses and opinions referenced herein represent the subjective views of the author as referenced unless stated otherwise and are subject to change. There can be no guarantee that developments will transpire as may be forecasted in this material.