The firm has made a total of ¥173 billion (€1.4 billion) in data center, logistics and residential acquisitions across six transactions in Japan so far this year.
Axa Investment Managers has added a data center to its growing portfolio of Japan assets with a purchase of a facility in Tokyo on behalf of clients, bringing its global data centers platform to over €1 billion ($1.21 billion) the firm announced in a statement.
The real assets division of the Paris-based firm paid ¥22 billion ($210 million) for the data center that is one of the city's largest, at 20,000 square meters with a capacity for 2,560 data racks.
Centrally located just 7 kilometers from the city's central business district, the building and its internal infrastructure is designed to incorporate state-of-the-art security features, as well as a range of ESG measures, and is ideally suited for cloud services or networking purposes, Axa IM said.
Strong Structural Drivers
Axa IM also recently secured a ¥70 billion ($670 million) residential portfolio located in central Tokyo on behalf of its clients, concluding a «highly successful» year in which it aimed to grow its business in Japan as well as the wider Asia-Pacific region.
According to the firm, the two transactions align with its strategy of investing in operational real estate assets underpinned by strong structural drivers, such as urbanization and e-commerce, and the strong steady cash flows they offer.
«We have made strong progress in growing our data centers, logistics and residential for rent platforms, in supply-constrained markets with strong demand fundamentals across both Asia Pacific and our other geographies. We believe that these sectors are well-positioned to experience rental growth and increase in capital values in the long term, allowing us to generate stable income on behalf of our clients,» Laurent Jacquemin, head of Asia-Pacific at Axa IM - Real Assets, said.
