Sapporo Holdings has plans to divest its real estate business to funds managed by PAG and KKR.
PAG and KKR have signed definitive agreements to acquire 100 percent of the shares of Sapporo Real Estate Co., Ltd. from Sapporo Holdings.
Under Sapporo Holdings, Sapporo Real Estate owns, operates, and develops a diverse portfolio of commercial, office, hotel, and residential assets primarily located in Ebisu, and Sapporo. Following the transaction, Sapporo Real Estate will become an independent company. Under the ownership of PAG and KKR, the Company will pursue the sustainable enhancement of its real estate and corporate value over the medium-to-long term.
“We are proud to deepen our relationship with Sapporo Holdings, a longstanding institution that continues to play a vital role in Japan’s business and cultural landscape, through our strategic partnership with Sapporo Real Estate. Over the past three decades, Sapporo Real Estate has established itself as a top
AloJapan.com