European investment firm AXA IM Alts has acquired residential assets in Japan for $420 million while Australian PE firm Anchorage Capital is selling Rail First in Australia.
AXA IM Alts buys residential assets in Japan for $420m
Global alternative investment manager AXA IM Alts announced that it has acquired a portfolio of multi-family and purpose-built student accommodation assets in Japan for about $420 million.
The transactions, which comprise 29 multi-family residential assets and a portfolio of four student accommodation assets, extend the European asset manager’s footprint in the Asia Pacific region, according to the announcement.
The assets in the 1,482-unit multi-family portfolio have been built in the last two years and are located in high-density neighbourhoods within Greater Tokyo and Osaka.
The student accommodation portfolio, on the other hand, comprises four newly constructed properties totalling 539 studio apartments operated by the National Students Information Centre, one of the largest student housing operators in Japan.
These transactions mark AXA IM Alts’ second and third acquisitions in Japan this year and form part of its wider long-term strategy to invest in residential asset classes.
Anchorage Capital sells Australia’s Rail First
Anchorage Capital Partners, a Sydney-based private equity turnaround specialist, is selling 100% of Rail First Asset Management, a rolling stock leasing and maintenance solutions provider to Australia’s rail industry.
According to an announcement, Rail First will be sold to a consortium comprised of infrastructure fund manager Amber Infrastructure and global infrastructure investor DIF Capital Partners. Financial details of the transaction were not disclosed.
Anchorage Capital acquired Rail First in 2019 and repositioned the company’s end-market exposure toward the growing intermodal sector.
Rail First operates over 1,300 locomotives and wagons with two strategically located workshops, which serves a blue-chip customer base that is primarily focused on the intermodal market.
Anchorage has managed over $1 billion in commitments across three funds and co-investments. It invests in companies, which have reported revenues of over $100 million located in Australia, New Zealand, or Southeast Asia.