Ascott Residence Trust (ART) will invest about JPY 10.4 billion[1] (S$125.0 million[2]) to acquire four rental housing properties and its first student accommodation property in Japan. The yield-accretive acquisitions are set to increase ART’s pro forma FY 2021 Distribution per Stapled Security by approximately 1.7%[3]. The average NOI yield[4] is expected to be about 4.0%. The five properties will be acquired on a turnkey basis from two different sellers on a willing buyer and willing seller basis. The transactions are expected to be completed between 1Q 2022 and 2Q 2023.
Steeped in history and spiced with ancient tradition, Kansai is widely considered Japan s spiritual and cultural capital from the towering Osaka and Himeji castles to Zen gardens and world-renowned cuisine. Here, we round up five of the region’s best cities to discover.
Architecture wasn’t something I initially gravitated to in terms of photography, as I found natural landscapes much more engaging. But over time, as I started exploring more and more countries, I started to become completely enthralled by cityscapes.
Although I love admiring streets and buildings from ground level, my passion really takes hold when I’m able to find a different vantage point – somewhere away from tourists and even locals. Seeing a city from above, unhindered by people, is a truly amazing experience. Sunsets are also more powerful when you’re high up as you tend to get more out of the scene than at street level, where the light disappears a lot more quickly.