PAG’s Secured Capital announces sale of Pacific Century Place Marunouchi, Japan
Secured Capital Investment Management (SCIM), the Japan-based real estate investment arm of PAG, a leading Asia-focused alternative investment manager, has announced the sale of the office component of Tokyo’s Pacific Century Place Marunouchi (PCP) to Singapore’s sovereign wealth fund, GIC.
PAG acquires Commerzbank’s real estate subsidiary in Japan
An investor group led by PAG, a leading Asia-focused alternative investment manager, has acquired the Tokyo-based subsidiary of Commerzbank AG, Commerz Japan Real Estate Finance Corporation (CJREFC). The acquisition includes a portfolio of around €700 million in primarily subordinated loans held by CJREFC as well as its operations and staff.
PAG’s Secured Capital announces final close on US$1.5bn real estate opportunity fund
Japan-based Secured Capital, one of Asia’s leading real estate investment management companies and the real estate arm of PAG, has today announced the final close of Secured Capital Real Estate Partners V (SCREPV) with approximately US$1.5 billion in capital commitments, exceeding its initial target of US$1 billion.