Phoenix Property Sells Tokyo Apartment Building For Jpy 20b

Phoenix Property Sells Tokyo Apartment Building For Jpy 20b
10/01/2020 , by , in INTERNATIONAL

Hong Kong-based Phoenix Property Investors has sold an apartment building in Tokyo for JPY 20 billion ($180 million), just 30 months after buying the property in the Shinagawa area.

The private equity shop headed by financiers Benjamin Lee and Samuel Chu announced that it had sold the Oakwood Residence Shinagawa to a Korean institutional investor on behalf of its Phoenix Asia Real Estate Investments V fund, with the transaction completed on 27 December.

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