Our building is in a prime location situated next to the Kabuki theatre, which is currently undergoing massive renovation and will be re-opened in 2018. Purchased strategically, we believe that the investment not only produces a good yield, but also has good potential for capital appreciation.

Sold.

Investment property consisting of a block of 78 residential apartments in Tokyo. Generated a cash-on-cash return of 12.3% per annum after tax and costs. Gross rental yield was 11% per annum on 60% leverage. Bought for JPY830m and sold in August 2012 for JPY970m. Last valuation we know of in 2015 was JPY1.2bn.

During our investment, on 68% occupancy, MTC was yielding ~30% cash on cash on an annualized basis, which was above average global market yields.

Our local property manager had successfully increased occupancy and rental rates and thereby increased yields which resulted in us exiting on a pleasing valuation.

This location is under 20 min drive from Adlershof to the City Center of Berlin

Residential units that were subsequently sold at the onset of a series of government property cooling measures.

Shin Otsuka is a shared house property that was held as a high-yielding investment property.

It is a small 2-storey property with 5 rooms. Renovated a year ago, this property enjoys 100% occupancy.

Sold and achieved good capital appreciation.