AXA IM Alts has acquired two residential towers in Sendai city, Northern Japan, for JPY 4.2bn ($38.6m).
Known as S-Fort Katahira, the first property totals 191 rental units spread across 13 storeys, while the second building, S-Fort Miyamachi, has 91 rental units across 10 storeys. The buildings have been designed to appeal to young single occupants, including students, and dual income couples due to their affordable rents and proximity to both the city centre and nearby Tohoku University.
Companies:AXA IM Alts
