Global private equity firm The Carlyle Group yesterday announced that it has acquired the main facilities of Japanâs largest information storage service company.
The facilities acquired and leased back by Carlyle include state-of-the-art automated storage facilities and one computer center on a 115,700-square-meter lot, outside Tokyo. The sale and long-term leaseback, which were engineered by Carlyle in cooperation with GE Commercial Finance and UFJ Group, will enable the company to allocate financial resources to the operation. Carlyle used non-recourse loans arranged by GE Commercial Finance and UFJ Bank for the acquisition.
Managing Director Rio Minami, who leads Carlyleâs real estate investment in Japan and co-heads the Asia real estate team, said, âWe are very pleased that Carlyle, together with GE Commercial Finance and UFJ, has accomplished the transaction that meets the sellerâs needs. Distribution facilities are promising investment targets, so we will continue to pursue opportunities in the sector as part of our investment strategy in Japan.â Managing Director Jason Lee, co-head of the Asia real estate team based in Hong Kong, said, âWe are building a balanced Asia real estate portfolio in our three target markets of Japan, South Korea and China. Japan is an important market for us and we will continue to search for opportunities to assist corporations in their efforts to restructure their real estate assets.â
The Carlyle Groupâs real estate team in Japan, established in June of 2004, has been exploring investment opportunities by leveraging the Groupâs collective strengths, including close collaboration with the Buyout team.
Source: The Carlyle Group