Asia Digest: AXA IM Alts buys Japan assets; BlackRock sells Sydney Airport shares

Asia Digest: AXA IM Alts buys Japan assets; BlackRock sells Sydney Airport shares

Sydney Airport.

In fresh moves from global investment firms in the Asia Pacific, AXA IM Alts is acquiring two residential assets in Japan for $93.5 million while BlackRock has ceased to be a substantial shareholder in Sydney Airport.

AXA IM Alts picks residential assets in Japan for $93.5m

Global alternative investment manager AXA IM Alts has acquired a portfolio of two residential assets in Japan from PGIM Real Estate Japan, the asset management arm of American life insurance company Prudential Financial, for 10.6 billion yen ($93.5 million).

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter