PAG, an Asia-based investment company, and KKR a global investment firm, have agreed to buy Sapporo Real Estate, which is currently owned by Sapporo Holdings. Together, PAG and KKR will acquire 100% ownership of the real estate company.
The deal will be completed in stages over three years. The first step will be the purchase of a 51% stake, which is expected to be completed on June 1, 2026, to allow a smooth transition across all major locations, including Ebisu in Tokyo and Sapporo in Hokkaido.
Sapporo Holdings has been in business for more than 140 years and currently runs three main businesses — alcoholic beverages, food and soft drinks, and real estate.
The company now plans to focus more on its alcoholic beverages business, which is its strongest area, and wants to grow by offering better and more enjoyable drink experiences to customers around the world. To do this, Sapporo Holdings has decided to sell its real estate business to investment firms PAG and KKR.
By selling its real estate unit, Sapporo Holdings will be able to use its time, money, and resources to invest mainly in growing its alcoholic beverages business, improve how it connects with customers, and provide healthier drink choices in the future.
Jon-Paul Toppino, Co-Founder and President of PAG, said: “PAG is proud to strategically partner with KKR and Sapporo Holdings to support the management and staff of Sapporo Real Estate and the continued development of the Ebisu area. Working closely with the community, government, and tenants, we aim to continue the evolution of the company’s landmark properties as vibrant and sustainable urban destinations.”
Hiro Hirano, Deputy Executive Chairman of KKR Asia Pacific and CEO of KKR Japan, said: “We are proud to deepen our relationship with Sapporo Holdings, a longstanding institution that continues to play a vital role in Japan’s business and cultural landscape, through our strategic partnership with Sapporo Real Estate. Over the past three decades, Sapporo Real Estate has established itself as a top developer, with a strong track record of landmark projects such as Yebisu Garden Place, one of Japan’s most prominent mixed-use projects today. We are pleased to collaborate with PAG to support the Company’s next stage of growth, and look forward to sharing our global network, investment experience and deep operational expertise in development, operations, and hospitality across KKR’s global platform.”
PAG is a leading investment firm that focuses on the Asia-Pacific region and works in three main areas — Credit & Markets, Private Equity, and Real Assets. Its real estate arm, PAG Real Assets, is one of the largest and most experienced property investment platforms in the region.
The company invests in markets where it has strong local knowledge and a proven success record, aiming to provide good returns while managing risk carefully. PAG Real Assets was founded in 1997 and has since invested more than $48 billion across Asia-Pacific, managing over 7,800 properties.
Today, PAG manages money for nearly 300 large institutional investors from around the world and operates through 15 key offices globally, with more than USD 55 billion in assets under management.
KKR is a global investment company that provides alternative investment services, as well as capital market and insurance solutions. The company focuses on making strong long-term returns by following a careful and disciplined investment approach and working with experienced professionals.
KKR invests through funds in areas such as private equity, credit, and real assets, and it also works with partners who manage hedge funds. It supports the growth of the companies it invests in and the communities connected to them.
Through its insurance companies under Global Atlantic Financial Group, KKR also offers retirement, life, and reinsurance products, helping individuals and businesses plan for the future.
Read More- Sun Group Teams Up with Visa to Add Digital Payments to Vietnam Tourism Platform
