immo!nvest – Die Plattform für Standorte und Immobilien

Tag: Japan

  • UBS sells stake in real estate company in Japan

    UBS sells stake in real estate company in Japan

    UBS Asset Management and Mitsubishi Corporation have agreed to sell their Mitsubishi Corp.-UBS Realty Inc. (MC-UBSR) joint venture to American private equity firm KKR & Co. Inc. , UBS Group AG and UBS AG announce in a press release. The transaction, which is still subject to the approval of the relevant authorities, is expected to be completed in the coming month. The sale has “no impact on UBS’s asset management, wealth management and investment banking business in Japan,” explains the major Zurich bank.

    The sale marks the end of a 20-year success story for the joint venture. According to her, MC-UBSR has developed into one of Japan’s largest asset managers in the real estate sector. “We believe KKR is well positioned to continue to grow the business,” Suni Harford, President of UBS Asset Management, said in the statement. For UBS, the sale is expected to generate a gain in asset management and an increase in core capital (CET1) of around $0.9 billion.

    “The Japanese market remains a cornerstone of our Real Estate & Private Markets business in Asia Pacific going forward,” said Harford. Real estate investments in Japan are to be offered to clients through the UBS Japan Advisors unit.

  • Sika is strengthening in Japan

    Sika is strengthening in Japan

    With Hamatite, Sika takes over one of the leading Japanese suppliers of adhesives and sealants. Its annual turnover was most recently 160 million francs. The tire manufacturer Yokohama Rubber has sold this business area as part of a reorientation towards its core business.

    With Hamatite, the Zug-based specialty chemicals company has expanded market access to all important Japanese automobile manufacturers, including those outside of Japan. According to a press release , Sika intends to significantly increase the proportion of its solutions per vehicle. In addition, Sika receives extensive global production capacities and can thus offer all car manufacturers long-term advantages in the supply chain.

    The acquisition also expands Sika's portfolio of high-quality adhesives and sealants that meet the high Japanese building standards. Sika's market penetration in the automotive and construction sectors will accelerate, said Sika CEO Paul Schuler. "With our global production capacities, we will be able to serve our customers in the automotive sector even better, both on a global and a local level."

    "We look forward to", says Mike Campion, Regional Manager Asia / Pacific at Sika, "to welcome the Hamatite employees at Sika and to develop our joint cross-selling potential together with them".