AXA Investment Managers – Real Assets announces that it has completed, on behalf of clients, the acquisition of a c. ¥22 billion (c. €180 million) data centre in Tokyo which expands its global data centres platform to over €1 billion. The transaction, along with the recent purchase of a c. ¥70 billion (c. €570 million) residential portfolio in Tokyo also aligns with AXA IM – Real Assets’ global strategy of investing in operational real estate assets underpinned by strong structural drivers, such as urbanisation and e-commerce, and the strong steady cash flows they offer.
At 20,000 sqm and able to house 2,560 data racks, the facility is one of Tokyo’s largest data centres. The asset has been built to the highest specifications, with the building and its internal infrastructure designed to incorporate state of the art security features, as well as a range of ESG measures that lower energy consumption by 10%.
Strategically located in Koto Ward, South Tokyo, the asset is just 7km from the city’s main financial district, Marunouchi and Otemachi, and is just a 10-minute walk from the nearest metro station offering direct routes into Tokyo’s city centre. This short distance to the CBD means that the data centre can be utilised for both cloud services and networking purposes, while the asset also benefits from its close proximity to an external power source.
AXA IM – Real Assets has also recently secured a c. ¥70 billion (c. €570 million) residential portfolio located in central Tokyo on behalf of its clients. Together, these transactions conclude a highly successful year for AXA IM – Real Assets against its stated aim of growing its business both in Japan, where it has invested ¥173 billion (€1.4 billion) through six transactions, and across the wider Asia Pacific region where it has grown AUM to ¥826 billion(3) (€6.7 billion) (2019: ¥582 billion(4) /€4.7 billion), with investments primarily targeted at asset classes which are supported by structural drivers such as urbanisation and technology.
Source : AXA Investment Managers – Real Assets