# M&G Real Estate sells Tokyo residential tower

- **Source:** EdgeProp Singapore
- **Published:** 2026-09-29T06:35:33.000Z
- **Author:** Atiqah Mokhtar
- **Original:** https://www.edgeprop.sg/property-news/mg-real-estate-sells-tokyo-residential-tower
- **Topics:** Private Residential, Commercial & Industrial, Transactions & Deals

## Featured rationale

The 23% net operating income increase and sale 15 months ahead of plan signal that active asset enhancement could accelerate returns in Tokyo mixed-use residential investments.

## AI summary

M&G Real Estate sold the 298-apartment Frontier Shinjuku Tower reportedly for JPY38 billion after buying it for JPY30 billion in January 2024.

## Original article

M&G Real Estate has sold Frontier Shinjuku Tower, a 24-storey building in Tokyo, Japan for an undisclosed sum.

According to Mingtiandi, the building was sold to flexible living provider Dash Living for JPY38 billion (about $309 million).

Frontier Shinjuku Tower has 298 residential apartments, alongside retail and office space. M&G had purchased the tower in January 2024 for JPY30 billion.

Read also: Centurion buys Hong Kong mixed-use development Yan Woo Building for HK$364 mil

The real estate investment manager carried out enhancements to the building, including upgrading shared amenities and repurposing underutilised space. It also introduced sustainability initiatives, with the development achieving a CASBEE S rating, the highest rank under Japan’s green building certification.

The sale of Frontier Shinjuku Tower follows a 23% increase in the building’s net operating income, said M&G in a Sept 28 release. The transaction was also completed 15 months ahead of M&G’s original business plan.

“Frontier Shinjuku Tower presented an opportunity to acquire a high-quality asset and create additional value through targeted improvements and active management,” said Jing Dong Lai, CEO and chief investment officer of M&G Real Estate Asia.

“The strong income growth achieved during our ownership, combined with an accelerated sale, demonstrates how local market expertise and disciplined execution can deliver attractive outcomes for investors,” he added.

## Chinese translation

> Translation model: openai_codex_cli

### M&G Real Estate出售东京住宅大楼

M&G表示，Frontier Shinjuku Tower的出售是在该楼净营运收入增长23%之后进行的。

M&G Real Estate已出售位于日本东京的24层大楼Frontier Shinjuku Tower，交易金额未披露。

据Mingtiandi报道，该大楼以380亿日元（约3.09亿新元）售予灵活居住服务提供商Dash Living。

Frontier Shinjuku Tower拥有298套住宅公寓，并配有零售和办公空间。M&G于2024年1月以300亿日元购入该大楼。

延伸阅读：Centurion以3.64亿港元收购香港混合用途发展项目仁和大厦

这家房地产投资管理公司对大楼进行了提升，包括升级共用设施和重新利用未充分使用的空间。它还引入可持续发展举措，使该发展项目获得CASBEE S评级，这是日本绿色建筑认证下的最高等级。

M&G在9月28日发布的声明中表示，Frontier Shinjuku Tower的出售是在该楼净营运收入增长23%之后进行的。该交易也比M&G原定商业计划提前15个月完成。

M&G Real Estate Asia首席执行官兼首席投资官Jing Dong Lai表示：“Frontier Shinjuku Tower提供了一个收购优质资产，并通过有针对性的改善和积极管理创造额外价值的机会。”

他补充说：“我们持有期间实现的强劲收入增长，加上提前出售，显示本地市场专业知识和严格执行如何能为投资者带来具吸引力的成果。”