Germany’s AM Alpha Sells Tokyo Multi-Family Asset to Mitsui Fund

Alpha Prime Toyocho in Tokyo’s eastern Koto ward (Image: AM Alpha)

German family office AM Alpha has sold a newly completed rental apartment building in eastern Tokyo to a private fund managed by Mitsui & Co.

The 10-storey multi-family asset in Koto ward, known as Alpha Prime Toyocho, was developed by Japanese construction giant Daiwa House Industry, which delivered the project in January of this year, AM Alpha said Wednesday.

After acquiring the property in 2022 while still under construction, AM Alpha significantly increased the value…