Japan’s Sapporo ends exclusive talks with KKR-PAG over property unit sale

Business deals

Brewer turns to negotiations with a consortium of Lone Star Funds and Kenedix

Through its real estate business Sapporo Holdings owns Yebisu Garden Place in Tokyo. (Photo by Manami Yamada)

Nikkei staff writers

November 13, 2025 18:51 JST

TOKYO — Japanese brewer Sapporo Holdings has called it quits on plans to sell its real estate business to investment companies KKR and PAG, Nikkei learned on Thursday.