Press Release
September 20, 2007
Zaikai Kyushu, October 2007 Issue: Radar
Zaikai Kyushu, October 2007 Issue: Radar
Genkai Capital's second fund is launched at a value of ¥50 billion
Genkai Capital Management Co., Ltd. (based in Fukuoka City; President: Masatoshi Matsuo), a real estate investment company investing mainly in the Kyushu region has established Genkai Capital Fund 2, its second fund. The fund is valued at approximately ¥50 billion, which is roughly 2.5 times the value of Genkai Capital Fund 1. Mr. Matsuo noted that while the first fund consisted of preexisting properties, the second fund also invests in properties still in the planning and development stages.
The fund's first investment was Enokida Business Square, a series of contiguous low-rise office buildings designed and developed by Apamanshop Holdings Co., Ltd. For tenants, the fund targets mainly sales offices engaged in route sales and supply deliveries to office buildings in the Hakata Station vicinity. The building is a steel construction with two above-ground floors and total floor space of some 2,079 m². It contains 17 office spaces, with three parking spaces for each office. Genkai Capital Management was established in July 2006 as a regional fund specializing in Kyushu's real estate markets. It invests in rental apartment buildings, office buildings, and distribution facilities, and also collaborates on projects with local developers.
Distinguishing the second from the first fund is the fact that the former invests in projects still in the development stage. Though profit yields are steady for existing properties, our policy is to hedge against rising property costs by investing in development-stage projects as well.
Genkai Capital Management Co., Ltd. (based in Fukuoka City; President: Masatoshi Matsuo), a real estate investment company investing mainly in the Kyushu region has established Genkai Capital Fund 2, its second fund. The fund is valued at approximately ¥50 billion, which is roughly 2.5 times the value of Genkai Capital Fund 1. Mr. Matsuo noted that while the first fund consisted of preexisting properties, the second fund also invests in properties still in the planning and development stages.
The fund's first investment was Enokida Business Square, a series of contiguous low-rise office buildings designed and developed by Apamanshop Holdings Co., Ltd. For tenants, the fund targets mainly sales offices engaged in route sales and supply deliveries to office buildings in the Hakata Station vicinity. The building is a steel construction with two above-ground floors and total floor space of some 2,079 m². It contains 17 office spaces, with three parking spaces for each office. Genkai Capital Management was established in July 2006 as a regional fund specializing in Kyushu's real estate markets. It invests in rental apartment buildings, office buildings, and distribution facilities, and also collaborates on projects with local developers.
Distinguishing the second from the first fund is the fact that the former invests in projects still in the development stage. Though profit yields are steady for existing properties, our policy is to hedge against rising property costs by investing in development-stage projects as well.
