TOKYO, Dec. 2, 2015 /PRNewswire/ -- Orange Grove Capital Management Pte Ltd, a real estate investment, asset management and advisory firm with offices in Tokyo and Singapore, has announced that it has closed a yen 12.0 billion senior debt financing of a 128,045 square foot commercial retail and office building located in the retail, fashion and entertainment district of Aoyama in central Tokyo.
The Aoyama property, Riviera Minami-Aoyama Building, is a prime commercial building located in Minami Aoyama adjacent to Japanese National Route 246, a major retail corridor known as Aoyama-dori. With two separate towers, the property offers several floors of prime retail space and six floors of class "A" commercial office. The senior debt financing of yen12.0 billion provides a 5-year term.
Orange Grove helped secure the financing from a consortium of two major financial groups from a major European and Japanese commercial bank. "We are very pleased to be able to secure attractive financing from such best-in-class, global financial institutions on this absolutely prime property in Aoyama," commented Toshio Masui, the CEO and founder of Orange Grove Capital Management.
About Orange Grove
Founded in 2013, Orange Grove Capital Management is a specialist real estate investment, asset management and advisory platform with offices in Tokyo and Singapore. The firm is a registered fund manager with the Monetary Authority of Singapore and investment advisor with the Financial Services Agency of Japan. With offices in Singapore and Tokyo, Orange Grove has a team of 15 professionals and senior advisors.
Over the past two decades, the principals have in excess of US$7 billion in combined real estate acquisition, management, disposition and financing experience in global markets and through numerous cycles. The Orange Grove team covers all aspects and types of real estate including commercial, retail, residential, hotels and resorts, golf courses, warehouses, retirement homes, development, non-performing loans, corporate restructuring and financing.
For more information:
Ron Mahabir
Orange Grove Capital Management Pte Ltd
rmahabir@orangegrovecapital.com
+81-3-3408-5111
+65-6438-4428
