PPFA Japan VI TMK Buys Yokohama Nomura Building with Green Loan by MUFG Bank
Posted on 04/08/2022
PPFA Japan VI TMK was established under an Asia-focused private real estate fund advised by Morgan Stanley Real Estate Investing (MSREI), the global private real estate investment management arm of Morgan Stanley. Morgan Stanley Capital K.K. and Nomura Real Estate Asset Management Co., Ltd. are appointed as asset managers of PPFA Japan VI TMK.
MUFG Bank, Ltd. (part of Mitsubishi UFJ Financial Group, Inc.) provided a non-recourse loan for the acquisition of a green building (Yokohama Nomura Building). The Yokohama Nomura Building is an office building located in Minatomirai, Nishi-ku, Yokohama City, Kanagawa Prefecture, and has obtained green building certification for its high environmental performance, including the introduction of a cogeneration system that uses waste heat from a generator for air conditioning.
The total amount was 36.4 billion JPY and the green loan originated by MUFG Bank is 18.3 billion JPY.
NOTES:
Name of Property: Yokohama Nomura Building
Address: 4-4-1 Minatomirai, Nishi-ku, Yokohama-city, Kanagawa
