M&G Real Estate has completed the sale of Frontier Shinjuku Tower, a 24-storey mixed-use asset in Tokyo, following a 23% increase in net operating income. Disposed of 15 months ahead of the original investment timeline, the 298-apartment property underwent extensive asset enhancements and sustainability upgrades, securing Japan’s highest green rating, CASBEE S. The sale highlights sustained demand for prime rental housing in central Tokyo.
Skanska has divested the second phase of its H2Offices scheme in Budapest, Hungary, to ERSTE Open-Ended Real Estate Investment Fund for EUR 98 million (SEK 1.1 billion). The 22,000-square-metre building is fully pre-leased to an international firm on a 10-year term. Skanska Commercial Development Europe will record the transaction in the third quarter of 2026, with property handover scheduled for late 2027.
Japanese trading firm Mitsubishi Corporation has agreed to acquire an additional stake in Philippine conglomerate Ayala Corporation for approximately JPY 120 billion. The deal follows a share repurchase by Ayala through a tender offer, raising Mitsubishi’s voting interest to 20 per cent upon completion in FY2026. The expanded strategic alliance will target growth across financial services, telecommunications, retail, real estate and energy sectors in the Philippines.
Principal Asset Management and Longevity Partners have launched REsponsible Asset Solutions, a platform aimed at decarbonising institutional real estate. The joint venture combines $108 billion asset manager Principal’s investment experience with Longevity Partners’ engineering and implementation capabilities. Tested across 14 pilot properties, the model targets an overall 37 per cent drop in energy use while creating over $10 million in additional value at asset exit.
PRODEA Investments has agreed to form a joint real estate venture alongside Invel Real Estate and LGT Capital Partners. The partners plan to build a premier institutional logistics platform in Greece, with an expected portfolio gross development value exceeding €500 million. Subject to regulatory clearance, the investment partners will acquire a 49 per cent minority stake for roughly €31 million.
KKR has committed $350 million from its Asset-Based Finance strategy to launch Akrapoint Commercial Capital. The mid-ticket equipment finance company will provide solutions for small and middle-market businesses in sectors such as manufacturing, construction and transportation. Led by Chief Executive Officer Nate Smith and Board Chair Gary Shivers, the platform targets growing demand for vocational assets, speciality trailers and industrial equipment across the US.
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