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Japan's Sapporo Holdings to sell real estate business for $2.6 billion to KKR-led consortium: NHK
Sapporo Holdings aims to reinvest $2.6 billion from Tokyo real estate sale into its beer business to enhance corporate value, addressing costly aging repairs in the portfolio.
- On December 24, 2025, Sapporo Holdings agreed to sell its real-estate arm to a consortium led by KKR for 400 billion yen , with the first 51% tranche due to close on June 1, 2026.
- After earlier approaches by other buyers, Sapporo encountered price disputes with Lone Star Funds and Kenedix as the portfolio required significant and costly repairs, complicating negotiations.
- The consortium led by KKR and PAG intends to raise profits at Yebisu Garden Place, Tokyo by attracting new tenants and considering redevelopment of the venue, NHK reported.
- Investors reacted: Sapporo shares climbed 2.86% after the announcement, and both Sapporo and KKR did not immediately respond to CNBC's requests for comment.
- Sapporo said it will concentrate management resources on its beer business and other areas to boost core corporate value.
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[Yomiuri Shimbun] Sapporo Holdings (HD) announced on the 24th that it will sell its real estate business, including Ebisu Garden Place (Shibuya Ward, Tokyo), to a consortium of Asian investment funds PAG and KKR of the United States. With the sale of the real estate business, the company will change its name to "Sapporo" in July 2026.
·Japan
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PAG, KKR Buying Japan's Sapporo Real Estate for $2.6B
Christmas-time in Tokyo is once again the setting for one of Asia Pacific’s biggest real estate happenings with PAG and KKR closing out the year by announcing their acquisition of Sapporo Real Estate in a deal reported to carry a... Read More>> The post PAG, KKR Teaming Up to Buy Japan’s Sapporo Real Estate for $2.6B appeared first on Mingtiandi.
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Total News Sources11
Leaning Left1Leaning Right2Center1Last UpdatedBias Distribution50% Right
Bias Distribution
- 50% of the sources lean Right
50% Right
L 25%
C 25%
R 50%
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